Chubb Limited Announces Pricing of $1.25 Billion Senior Notes Offering by Subsidiary

Rhea-AI Summary

Chubb Limited (NYSE: CB) has announced that its subsidiary, Chubb INA Holdings LLC, has priced a $1.25 billion senior notes offering with a 4.90% interest rate, maturing in 2035. The notes will be guaranteed by Chubb Limited.

The company plans to use the proceeds for general corporate purposes, including the repayment of a portion of its $1.5 billion outstanding 3.35% senior notes due May 3, 2026. The offering is being managed by Citigroup Global Markets, Goldman Sachs, and Wells Fargo Securities.

Positive

• New notes offering provides $1.25 billion in capital for corporate purposes
• Strategic refinancing of higher-cost debt due in 2026
• Strong banking syndicate supporting the offering

Negative

• Higher interest rate of 4.90% compared to existing 3.35% notes being repaid
• Increased long-term debt obligations extending to 2035

ZURICH, Aug. 4, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $1.25 billion of 4.90% senior notes due 2035 (the "Notes"). The Notes are guaranteed by Chubb Limited. 

Chubb intends to use the net proceeds for general corporate purposes, including the repayment of a portion of the $1.5 billion of its outstanding 3.35% senior notes due May 3, 2026. 

The joint book-running managers for the offering are Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC.  

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any offer, solicitation or sale of the senior notes or any other securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by calling Citigroup Global Markets Inc. at 1-800-831-9146, Goldman Sachs & Co. LLC at 1-866-471-2526 or Wells Fargo Securities, LLC at 1-800-645-3751.

Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the U.S. Securities and Exchange Commission (SEC) website at www.sec.gov.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.  The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide.  Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as statements regarding use of proceeds, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from these statements.  Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the SEC.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chubb-limited-announces-pricing-of-1-25-billion-senior-notes-offering-by-subsidiary-302521212.html

SOURCE Chubb Limited

FAQ

What is the size and interest rate of Chubb's (CB) new senior notes offering?

Chubb's subsidiary is offering $1.25 billion in senior notes with a 4.90% interest rate, maturing in 2035.

How will Chubb (CB) use the proceeds from the senior notes offering?

Chubb plans to use the proceeds for general corporate purposes and to repay part of its $1.5 billion 3.35% senior notes due May 2026.

Who are the underwriters for Chubb's (CB) senior notes offering?

The joint book-running managers are Citigroup Global Markets, Goldman Sachs & Co., and Wells Fargo Securities.

When do Chubb's (CB) new senior notes mature?

The newly issued senior notes will mature in 2035.

What is the difference between the interest rates of Chubb's new and existing notes?

The new notes carry a 4.90% interest rate, compared to the 3.35% rate on the existing notes being partially repaid.