Everest Announces Pricing of $1.0 billion of Senior Notes by Everest Reinsurance Holdings

HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. (“Everest”) (NYSE: RE) announced today that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. (“Holdings”), priced a registered public offering of $1.0 billion aggregate principal amount of 3.500% Senior Notes due 2050 of Holdings (the “Notes”). Holdings anticipates that the offering will close on October 7, 2020, subject to customary closing conditions, and plans to use the net proceeds from the Notes for general corporat