We advised the joint book-running managers on the offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered debt offering by RLI Corp. of $300 million aggregate principal amount of 5.375% senior notes due 2036.

Headquartered in Peoria, Illinois, RLI offers insurance coverages in the specialty admitted and excess and surplus markets. RLI distributes its property, casualty and surety products across the country to wholesale and retail brokers, independent agents and carrier partners, and offers limited coverages on a direct basis to select insureds, as well as various reinsurance coverages.

The Davis Polk capital markets team included partner Pedro J. Bermeo and associate Hope Goimarac. Counsel Ziyuan (Constance) Zhang and associate Omar Hersi provided tax advice. All members of the Davis Polk team are based in the New York office.

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