Bermuda-based life reinsurer Athene Holding Ltd. has priced an offering of $750 million in depositary shares to raise capital for its reinsurance operations. Each of the 30 million preferred shares represents a 1/1,000th interest in Athene’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, with a price of $25 per depositary share. The company intends to use the proceeds of a preferred stock offering to support a portion of its funding commitment to Athene Co-Invest Reinsurance Affiliate, which is expected to provide up to $4 billion of third-party capital to support Athene’s business objectives. The offering is expected to close on June 10, subject to satisfaction of customary closing conditions. Athene intends to list the depositary shares on the New York Stock Exchange under the ticker symbol “ATHPrA.”