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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 12, 1996
W.R. BERKLEY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-7849 22-1867895
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
165 Mason Street, P.O. Box 2518
Greenwich, Connecticut 06836-2518
(Address of principal executive offices) (Zip Code)
(203) 629-2880
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed from last report)
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Item 5. Other Events.
On December 12, 1996, W.R. Berkley Corporation announced that it
arranged for the sale of $210 million of 8.197% Capital Securities to be issued
by W.R. Berkley Capital Trust, a statutory business trust sponsored by W.R.
Berkley Corporation.
The Capital Securities will not be registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release issued December 12, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
W.R. BERKLEY CORPORATION
By:/s/ Robert S. Gorin
Robert S. Gorin
Senior Vice President,
General Counsel and
Secretary
Date: December 12, 1996
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EXHIBIT INDEX
Exhibit
Number Description
- - ------- -----------
99.1 Press Release issued December 12, 1996.
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[LETTERHEAD OF W.R. BERKLEY CORPORATION]
FOR IMMEDIATE RELEASE CONTACT: Anthony J. DelTufo
Senior Vice President
(203) 629-2880
GREENWICH, CT December 12, 1996
W.R. BERKLEY CORPORATION TO ISSUE CAPITAL SECURITIES
W.R. Berkley Corporation (Nasdaq: BKLY) today announced that it has arranged
for the sale of $210 million of 8.197% Capital Securities to be issued by W.R.
Berkley Capital Trust, a statutory business trust sponsored by W.R. Berkley
Corporation.
The Capital Securities may be redeemed on or after December 15, 2006. W.R.
Berkley Corporation intends to use substantially all of the net proceeds of the
offering to redeem its outstanding classes of preferred stock.
The Capital Securities will not be registered under the Securities Act of 1933,
as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
W.R. Berkley Corporation is a holding company which, through its subsidiaries,
does business in all segments of the property casualty insurance business. The
operating units are grouped for management purposes into five segments
according to market served: Regional Property Casualty Insurance, Reinsurance,
Specialty Lines of Insurance, Alternative Markets and International.
