8-KThe WireStrategic
Material Agreement · New Debt / Obligation
Filed Feb 10, 2021 · 5y ago · Accession 0001193125-21-035890
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 10, 2021
W. R. BERKLEY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
001-15202
22-1867895
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
475 Steamboat Road , Greenwich , CT
06830
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (203) 629-3000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions ( see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol
Name of Each Exchange
on Which Registered
Common Stock, par value $.20 per share
WRB
New York Stock Exchange
5.900% Subordinated Debentures due 2056
WRB-PC
New York Stock Exchange
5.75% Subordinated Debentures due 2056
WRB-PD
New York Stock Exchange
5.70% Subordinated Debentures due 2058
WRB-PE
New York Stock Exchange
5.10% Subordinated Debentures due 2059
WRB-PF
New York Stock Exchange
4.25% Subordinated Debentures due 2060
WRB-PG
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
Entry into a Material Definitive Agreement.
On February 10, 2021, W. R. Berkley Corporation (the “Company”) closed its public offering of $300 million aggregate principal amount of its 4.125% Subordinated Debentures due 2061 (the “Securities”). The terms of the Securities are set forth in the Subordinated Indenture, dated as of March 26, 2018 (the “Subordinated Indenture”), as supplemented and amended by the Fourth Supplemental Indenture, dated as of February 10, 2021 (together with the Subordinated Indenture, the “Indenture”), each between the Company and The Bank of New York Mellon, as trustee (the “Trustee”).
The foregoing descriptions of the Indenture and the Securities are qualified in their entirety by reference to the terms of such documents, which are filed hereto as Exhibits 4.1 and 4.2, respectively, and incorporated herein by reference.
On February 10, 2021, Willkie Farr & Gallagher LLP, counsel to the Company, issued an opinion and consent (attached hereto as Exhibits 5.1 and 23.1, respectively, and incorporated herein by reference) as to the validity of the Securities.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
Item 9.01
Financial Statements and Exhibits.
The exhibits to this report are incorporated by reference into the Registration Statement (No. 333-249950) filed by the Company.
(d) Exhibits
4.1
Subordinated Indenture, dated as of March 26, 2018, between the Company and the Trustee (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K (File No. 001-15202) filed with the Securities and Exchange Commission on March 26, 2018).
4.2
Fourth Supplemental Indenture, dated as of February 10, 2021, between the Company and the Trustee, including the form of the Securities attached as Exhibit A thereto.
5.1
Opinion of Willkie Farr & Gallagher LLP regarding the validity of the Securities.
23.1
Consent of Willkie Farr & Gallagher LLP (included in Exhibit 5.1).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
W. R. BERKLEY CORPORATION
By:
/s/ Richard M. Baio
Name:
Richard M. Baio
Title:
Executive Vice President – Chief Financial Officer and Treasurer
Date: February 10, 2021
Filing details
- Company
- BERKLEY W R CORP
- Ticker
- WRB
- CIK
- 11544
- Form type
- 8-K
- Filing date
- Feb 10, 2021
- Report date
- Feb 10, 2021
- Document
- d17400d8k.htm
- Size
- 395 KB