RGA Pitches $300M In Senior Notes

Law360, New York (November 3, 2009, 2:25 PM EST) -- On the heels of announcing plans to acquire part of the reinsurance business of an ING Groep NV subsidiary, Reinsurance Group of America Inc. said Tuesday that it would offer public senior notes worth $300 million in order to raise capital.

In a prospectus filed with the U.S. Securities and Exchange Commission, RGA disclosed an offering of senior unsecured notes due in 2019, adding that the proceeds would go toward “general corporate purposes.”

The announcement comes less than three weeks after the Chesterfield, Mo.-based reinsurance company...
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