FWP 1 y78876f1fwp.htm FREE WRITING PROSPECTUS fwp
Filed Pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated
September 9, 2009 to Prospectus dated November 26, 2008
Registration No. 333-155724
W. R. Berkley Corporation
$300,000,000
7.375% Senior Notes due 2019
Final Term Sheet
September 9, 2009
 
     
Issuer:
  W. R. Berkley Corporation
 
    
Securities:
  7.375% Senior Notes due 2019 
 
    
Aggregate Principal Amount:
  $300,000,000 
 
    
Anticipated Ratings*:
  Baa2/BBB+/BBB+ (Stable/Stable/Negative)
 
    
Minimum Denomination:
  $1,000 x $1,000 
 
    
Trade Date:
  September 9, 2009
 
    
Settlement Date:
  September 14, 2009 (T+3)
 
    
Maturity Date:
  September 15, 2019
 
    
Treasury Benchmark:
  3.625% due August 15, 2019 
 
    
Treasury Price:
  101-08 (or 3.475%) 
 
    
Re-offer Spread:
  +390 bps 
 
    
Re-offer Yield to Maturity:
  7.375% 
 
    
Coupon:
  7.375% 
 
    
Public Offering Price:
  100% 
 
    
Make Whole Call Spread:
  +50 bps 
 
    
Day Count Convention:
  30/360 Semi-annual 
 
    
Interest Payment Dates:
  Semi-annually on the 15th of March and September of each year (1st interest payment date March 15, 2010)
 
    
Record Dates:
  March 1 and September 1 of each year
 
* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

 

     
Use of Proceeds:
  For general corporate purposes, including the potential repurchase of our common stock and the repayment of indebtedness. Such indebtedness may include the Issuer’s $150 million of 5.125% senior notes, which mature on September 30, 2010.
 
    
CUSIP / ISIN:
  084423 AQ5 / US084423 AQ52 
 
    
Sole Bookrunner:
  Credit Suisse Securities (USA) LLC
 
    
Co-Manager:
  Banc of America Securities LLC
The Issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse Securities (USA) LLC will arrange to send you the prospectus if you request it by calling Credit Suisse Securities (USA) LLC at 1-800-221-1037.