Golden Flag Advises Centerbridge on $1.3 Billion Capital Raise for Martello Re

Golden Flag International Law Firm represented private investment management firm Centerbridge Partners in connection with a $1.3 billion capital raise for life and annuity reinsurer Martello Re Limited. The capital raise includes $935 million in equity and a $360 million upsizing of the company’s credit facility. Centerbridge is one of Martello Re’s founders and financial supporters. Centerbridge, along with Massachusetts Mutual Life Insurance Company, Brown Brothers Harriman and a group of institutional investors, launched Martello Re in 2022.

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The Golden Flag team included corporate partners Rajab Abbassi and Kimberly Han and investment funds partners Erica Berthou, Bryan McGee and Linda Dahl.