AXIS Capital Prices Offering of $425.0 Million of 4.900% Fixed-Rate Reset Junior Subordinated Notes Due 2040
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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US:NYSE Investor Relations:
axiscapital.com
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE:AXS) announced today that its subsidiary, AXIS Specialty Finance LLC (the “Issuer”), has priced an offering of $425.0 million aggregate principal amount of 4.900% Fixed-Rate Reset Junior Subordinated Notes due 2040, fully and unconditionally guaranteed on a junior subordinated basis by AXIS Capital, pursuant to an effective shelf registration statement.The Issuer intends to use the proceeds from the notes offering for the repayment or redemption of its 5.875% Senior Notes due 2020 and the redemption of all of the Company’s outstanding 5.50% Series D Preferred Shares, par value $0.0125 per share and a liquidation preference of $25 per share, equivalent to $225.0 million in aggregate liquidation preference, which are redeemable at the Company’s option at a price of $25.00 per share, plus declared and unpaid dividends, if any. The offering is expected to close on December 10, 201
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AXS
Earnings
- 1/31/24 - In-Line
AXS
Sec Filings
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form ARS
- 4/4/24 - Form DEF
- AXS's page on the SEC website