White & Case advises lenders on The Fidelis Partnership’s US$2 billion refinancing

Global law firm White & Case LLP has advised the term lenders on The Fidelis Partnership’s US$2 billion refinancing.

"The White & Case team supported Fidelis and its lenders on another cornerstone transaction which showcases our cross-border capabilities," said White & Case partner Gareth Eagles, who co-led the Firm's deal team.

The refinancing of The Fidelis Partnership, a leading specialty, bespoke and (re)insurance business, included an upsized unitranche debt investment and revolving credit facility.

White & Case previously advised the lenders on a combined debt and equity financing of a structured insurance demerger of Fidelis Insurance Holdings Limited and the existing insurance companies, the Fidelis Insurance Group. The deal, early in January 2023, created a new Bermuda-based managing general underwriter, Fidelis MGU.

The White & Case team that advised on the transaction included partners Gareth Eagles, Emma Foster (both London) and Vincenzo Lucibello (Boston) and counsel Sean Zoltek (Los Angeles).

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