Greenlight Capital Re, Ltd. Announces Pricing of $100 Million Convertible Notes Offering and Share Repurchases
Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE)
Last greenlight reinsurance, ltd. - class a ordinary shares earnings: 2/27 04:04 pm
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US:NASDAQ Investor Relations:
greenlightre.ky
Company Research
Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the “Company” or “Greenlight Re”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, today announced that it has priced its previously announced private offering of $100,000,000 in aggregate principal amount of its Convertible Senior Notes due 2023 with a coupon of 4.00% per year (the “Notes”). The Notes will be convertible, upon the satisfaction of certain conditions and during certain time periods, at a conversion rate of 58.1818 of the Company’s Class A ordinary shares, subject to adjustment. Upon conversion, the Company may, at its option, elect to deliver cash, Class A ordinary shares or a combination of cash and Class A ordinary shares. The conversion rate equates to a conversion price of approximately $17.19, which represents a premium of approximately 25% over the closing sale price of the Class A ordinary shares on the NASD
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- Greenlight Re Announces Fourth Quarter and Year-end 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Greenlight Re Announces Fourth Quarter and Year-end 2023 Financial ResultsGlobeNewswire
GLRE
Sec Filings
- 4/18/24 - Form 8-K
- 3/28/24 - Form 4
- 3/19/24 - Form 4
- GLRE's page on the SEC website