Simpson Thacher Represents Underwriters in $400 Million Subordinated Debenture Offering by Reinsurance Group of America
The Firm represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, in connection with a registered offering by Reinsurance Group of America, Incorporated (“RGA”) of $400 million aggregate principal amount of 6.375% Fixed-Rate Reset Subordinated Debentures due 2056. RGA expects to use the net proceeds from the offering for general corporate purposes, which may include refinancing debt obligations.
RGA is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus – all directed toward creating sustainable long-term value. RGA has approximately $4.3 trillion of life reinsurance in force and total assets of $156.6 billion as of December 31, 2025.
The Simpson Thacher team included Lesley Peng and Adriana Estor-Restrepo (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); and Andrew Pagliughi (FINRA and Blue Sky).