Debevoise & Plimpton LLP has advised Resolution Life in its offering of $500 million 8.25% notes due 2031 (the “Notes”). The Notes qualify as Tier 2 regulatory capital under the Bermuda Insurance (Group Supervision) Rules and represent the first listed debt of Resolution Life.

The Notes were offered outside of the United States to non-U.S. persons in accordance with Regulation S under the U.S. Securities Act of 1933, as amended. The Notes are expected to be admitted to trading on the International Securities Market of the London Stock Exchange.

Resolution Life is a global life insurance group focused on reinsurance and the acquisition and management of portfolios of life insurance policies.

For more information, please see Resolution Life’s press release.

The Debevoise team was led by partner Nicholas Pellicani, and included international counsel Wen-Wei Lai and associates Gavin Benson, Evgenii Lebedev and Daria Serebrova. Tax advice was provided by partner Daniel Priest and associate Sabrina Hsieh.