NEW YORK (PRWEB) August 14, 2018
EA Markets was engaged by Third Point Reinsurance Ltd. (NYSE: TPRE) to serve as Financial Advisor and Arranger on TPRE’s inaugural $200,000,000 Unsecured Credit Facility. TPRE, through its wholly-owned subsidiaries, writes specialty property and casualty reinsurance business, and substantially all of TPRE’s investable assets are managed by Third Point LLC as investment manager. The facility provides for the issuance of letters of credit to support its reinsurance business, and was led by a club syndicate of three lenders. EA Markets assisted TPRE in arranging, structuring and negotiating the facility.
“Establishing this unsecured credit facility was an important transaction for us,” said Chris Coleman, Third Point Re’s CFO, “and EA supported us on a tight time schedule throughout the entire process.”
"This facility required unique features specific to the reinsurance industry and Third Point Re," said Reuben Daniels, EA's Managing Partner, "and we are pleased to have worked with their team to achieve this successful outcome."
About EA Markets LLC
EA Markets is an independent investment bank focused on arranging capital. EA has raised over $100 billion dollars in debt and equity financing for public corporations and private equity portfolio companies. Our corporate finance professionals are highly experienced in executing syndicated loans, direct placements and securities underwriting transactions. For more information on EA, visit our website at http://www.eamarkets.com.