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Stock impact report

Fidelis Insurance Holdings Limited Announces Pricing of $400 Million of 7.750% Fixed-Rate Reset Subordinated Notes Due 2055

Fidelis Insurance Holdings Limited Common Shares (FIHL) 
Company Research Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a global specialty insurer, announced today the pricing of $400 million aggregate principal amount of its 7.750% Fixed-Rate Reset Subordinated Notes due 2055 (the “Notes”). The offering is expected to close on June 13, 2025, subject to satisfaction of customary closing conditions.Fidelis Insurance Group intends to use a portion of the net proceeds from this offering to fund its redemption of the 9.00% Fixed Rate/Floating Rate Cumulative Preference Shares, Series A, par value U.S. $0.01. The Company intends to use the remaining net proceeds from this offering for general corporate purposes.Wells Fargo Securities, Barclays and Lloyds Securities are acting as joint book-running managers for the offering.The Notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the U.S. Securities and Exchange Commi Show less Read more
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