Navacord Completes $400 Million and C$200 Million Bond Offering

Paul, Weiss advised Navacord, a portfolio company of Madison Dearborn Partners and a Canada-based insurance brokerage firm, in its offering of 6.875% $400 million senior notes due 2033 and 7.250% C$200 million senior notes due 2033. Proceeds from the offering were used to refinance the group’s existing debt.

The Paul, Weiss team was led by corporate partners Matthew Merkle and Deirdre Jones, and included tax partner Lindsay Parks and counsel Patrick Karsnitz.