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Global Indemnity Limited Announces Exercise and Closing of Over-Allotment Option

GLOBAL INDEMNITY (GBLI)  More Company Research Source: GlobeNewswire
PDF GEORGE TOWN, Cayman Islands, March 30, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (the "Company" or "Global Indemnity") today announced that the underwriters in its previously announced underwritten offering of its 7.875% Subordinated Notes due 2047 (the "2047 Notes") have exercised their over-allotment option in the amount of $10,000,000 principal amount of 2047 Notes.  As a result, the aggregate principal amount of the 2047 Notes will increase to $130,000,000.  The sale of the 2047 Notes pursuant to the over-allotment option closed on March 30, 2017.  Morgan Stanley & Co. LLC, UBS Securities LLC and RBC Capital Markets, LLC acted as joint book-running managers for the transaction.This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The 2047 Notes may be offe [Read more]

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