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The company said Chubb INA Holdings LLC agreed on July 29, 2024 to sell in a public offering $700,000,000 of 4.650% Senior Notes due 2029 and $600,000,000 of 5.000% Senior Notes due 2034.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Chubb INA Holdings LLC agreed on July 29, 2024 to sell in a public offering $700,000,000 of 4.650% Senior Notes due 2029 and $600,000,000 of 5.000% Senior Notes due 2034.

  2. The company said the 2034 Notes will be a further issuance of the 5.000% Senior Notes due 2034 issued on March 7, 2024, and will be consolidated with and form a single series with those existing notes.

  3. The company also said that, upon completion of the offering, the aggregate principal amount of the 2034 Notes outstanding will be $1,600,000,000, and that Chubb Limited will fully and unconditionally guarantee the Notes.

  4. The company said it filed the Underwriting Agreement and Terms Agreement dated July 29, 2024 as Exhibits 1.1 and 1.2, and the opinions of Bär & Karrer AG and Mayer Brown LLP as Exhibits 5.1 and 5.2.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chubb INA Holdings Agrees to Public Offering of 2029 and 2034 Notes

The company said Chubb INA Holdings LLC agreed on July 29, 2024 to sell in a public offering $700,000,000 of 4.650% Senior Notes due 2029 and $600,000,000 of 5.000% Senior Notes due 2034.

Source · Based on the filing body and exhibits

Additional 2034 Notes Issuance and Single-Series Consolidation

The company said the 2034 Notes will be a further issuance of the 5.000% Senior Notes due 2034 issued on March 7, 2024, and will be consolidated with and form a single series with those existing notes.

Source · Based on the filing body and exhibits

Aggregate Principal of 2034 Notes Outstanding After Offering $1,600,000,000

The company also said that, upon completion of the offering, the aggregate principal amount of the 2034 Notes outstanding will be $1,600,000,000, and that Chubb Limited will fully and unconditionally guarantee the Notes.

Source · Based on the filing body and exhibits

Underwriting Agreement, Terms Agreement and Legal Opinions Attached

The company said it filed the Underwriting Agreement and Terms Agreement dated July 29, 2024 as Exhibits 1.1 and 1.2, and the opinions of Bär & Karrer AG and Mayer Brown LLP as Exhibits 5.1 and 5.2.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.