New Issue-WR Berkley sells $300 mln in 10-yr notes

Mon Sep 13, 2010 2:49pm EDT

  Sept 13 (Reuters) - WR Berkley Corp (WRB.N) on Monday sold
$300 million of notes, said IFR, a Thomson Reuters service.
 Bank of America Merrill Lynch was the active bookrunning
manager for the sale.
BORROWER: W.R. BERKLEY CORP
AMT $300 MLN      COUPON 5.375 PCT    MATURITY 9/15/2020 
TYPE NOTES        ISS PRICE 99.710    FIRST PAY 3/15/2011
MOODY'S Baa2      YIELD 5.413 PCT     SETTLEMENT 9/16/2010
S&P BBB-PLUS      SPREAD 265 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS

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