Bermuda-based PartnerRe Ltd. has filed a registration statement with the Securities and Exchange Commission to sell an additional $386 million worth of mixed securities.
Together with the $214 million worth of securities that remain unsold from a previous filing, the company now has $600 million worth of common shares, preferred shares, debt instruments, warrants and other securities that can be sold from time to time.
It plans to use any funds raised for general corporate purposes, including increasing its working capital and possibly to fund acquisitions.
PartnerRe hasn’t indicated when it plans to make any sales of the securities.
Topics Mergers & Acquisitions
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