Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wed, April 24, 9:40 PM
This Slide: #515 of 620 |
Slide #515. 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 to its clients through operating subsidiaries and branch networks. Co. has two reportable segments: insurance, which provides specialty 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; and reinsurance, which provides treaty reinsurance to insurance companies and its lines of business include catastrophe, property, professional lines, credit and surety, motor, liability, agriculture, marine and aviation, and accident and health.
Preferreds: AXS.PRA, AXS.PRC, AXS.PRD, AXS.PRE
Open the AXS Page at Preferred Stock Channel »
Open the AXS.PRD Page at Preferred Stock Channel for More Information About this Preferred »
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