Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, May 21, 7:37 AM

Slide #476. AXIS Capital Holdings Limited Preferred Stock Offering

Company: AXIS Capital Holdings Limited (NYSE:AXS)
Date announced: 5/13/2013
Security type: Series D Preferred Shares (AXS.PRD)
Shares Offered: 8,000,000
Date of Pricing: 5/13/2013
Price Per Share: $25.00
Preferred Stock Offering Details: AXIS Capital Holdings Limited announced that it has priced an offering of 8 million shares of 5.50% Series D Preferred Shares, par value $0.0125 per share and a liquidation preference of $25.00 per share (or $200 million in aggregate liquidation preference). AXIS Capital has also granted the underwriters a 30-day option to purchase up to 1.2 million additional Series D Preferred Shares solely to cover over-allotments, if any. The offering was made pursuant to an effective shelf registration statement and is expected to close on May 20, 2013, subject to customary closing conditions.

AXIS Capital Holdings is a holding company. Co. provides a range of specialty lines insurance and treaty reinsurance solutions to its clients through operating subsidiaries and branch networks. Co.'s insurance segment provides insurance products to a variety of markets and its lines of business include property, marine, terrorism, aviation, credit and political risk, professional lines, liability, and accident and health. Co.'s reinsurance segment provides treaty reinsurance to insurance companies and its lines of business include catastrophe, property, professional lines, credit and surety, motor, liability, agriculture, engineering, marine and aviation, and accident and health.


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AXIS Capital Holdings Ltd
Insurance Brokers
Number of ETFs Holding AXS: 
46 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 476 of 581 |

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