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W. R. BERKLEY OFFERS $100 MILLION OF 8.70 PERCENT DEBENTURES DUE 2022

W. R. BERKLEY OFFERS $100 MILLION OF 8.70 PERCENT DEBENTURES DUE 2022
 GREENWICH, Conn., Jan. 7 /PRNewswire/ -- W. R. Berkley Corporation announced today it is offering $100 million of 8.70 percent debentures due Jan. 1, 2022. The debentures are not redeemable prior to maturity. The initial public offering price of the debentures is 99.676 percent, plus accrued interest from Jan. 1, 1992.
 The debentures are being offered pursuant to a previously filed shelf registration statement. The net proceeds from the sale of the debentures will be used for working capital, acquisitions and other general corporate purposes.
 The debentures are being offered through an underwriting group of Morgan Stanley & Co. Incorporated, Salomon Brothers Inc and Wertheim Schroder & Co. Incorporated.
 W. R. Berkley Corporation is a holding company which operates, through its subsidiaries, in three segments of the insurance business: regional property casualty insurance; specialty lines of insurance (including excess and surplus lines, commercial transportation and reinsurance), and insurance services operations (including management of alternative insurance market mechanisms).
 -0- 1/7/92
 /CONTACT: John D. Vollaro, executive vice president of W.R. Berkley, 203-629-2880/
 (BKLY) CO: W. R. Berkley Corporation ST: Connecticut IN: INS SU: OFR


SM-OS -- NY069 -- 7430 01/07/92 15:53 EST
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Publication:PR Newswire
Date:Jan 7, 1992
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