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Prospect News home > News index > List of issuers P > Headlines for Platinum Underwriters Holdings, Ltd. > News item
Published on 11/24/2014 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Platinum Underwriters plans to issue debt for buyout by RenaissanceRe

By Susanna Moon

Chicago, Nov. 24 – Platinum Underwriters Holdings, Ltd. said it plans to issue new senior debt for the company’s acquisition by RenaissanceRe Holdings Ltd.

The company entered into a definitive merger agreement for RenaissanceRe to acquire Platinum for about $1.9 billion, according to a company press release.

Platinum is a Pembroke, Bermuda, reinsurance provider.


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