Fidelis Insurance Group Announces Closing of Secondary Offering of its Common Shares
29 5월 2024 - 5:15AM
Business Wire
Fidelis Insurance Holdings Limited (NYSE: FIHL) (“Fidelis
Insurance Group” or “FIHL”), a global specialty insurer, today
announced the closing of its underwritten secondary public offering
(the “Offering”) of 9,000,000 common shares by certain of its
shareholders (the “Selling Shareholders”) at a price to the public
of $16.00 per common share. The underwriters exercised in full
their option to purchase an additional 1,350,000 common shares from
the Selling Shareholders, priced at $16.00 per share, less
underwriting discounts and commissions. Barclays, J.P. Morgan, and
Goldman Sachs & Co. LLC are acting as Joint Lead Bookrunning
Managers for the Offering. Evercore ISI, Citigroup, BMO Capital
Markets, Keefe, Bruyette & Woods, A Stifel Company and UBS
Investment Bank are acting as Joint Bookrunning Managers for the
Offering. Citizens JMP and Dowling & Partners Securities, LLC
are acting as Co-Managers for the Offering.
A registration statement relating to the common shares was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on May 22, 2024. The Offering is only being made by
means of a prospectus. A prospectus relating to and describing the
terms of the Offering has been filed with the SEC and is available
on the SEC’s website at www.sec.gov. Copies of the prospectus, may
be obtained from: Barclays Capital Inc. c/o Broadridge Financial
Solutions, 115 Long Island Avenue Edgewood, NY 11717, by telephone
at (888) 603-5847 or by email at Barclaysprospectus@broadridge.com;
J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by
telephone at (866) 471-2526 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com; and Goldman Sachs & Co
LLC, Attention: Registration Department, 200 West Street, New York,
New York 10282-2198, by telephone at (866) 471-2526 or by email at
prospectus-ny@ny.gs.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the common shares, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of that state or jurisdiction.
About Fidelis Insurance Group
Fidelis Insurance Group is a global specialty insurer,
leveraging strategic partnerships to offer innovative and tailored
insurance solutions.
We have a highly diversified portfolio focused on three
segments: Specialty, Bespoke, and Reinsurance, which we believe
allows us to take advantage of the opportunities presented by
evolving (re)insurance markets, proactively shift our business mix
across market cycles, and produce superior underwriting
returns.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this press release, in
interviews and in related posts constitute “forward-looking
statements,” including with respect to the closing of the Offering,
and are made pursuant to the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Management has
based these forward-looking statements on its current expectations,
assumptions, estimates and projections. While they believe these
expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions
and are subject to known and unknown risks and uncertainties, many
of which are beyond management’s control. These statements involve
risks and uncertainties that may cause Fidelis’ actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by these
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to rely on
forward-looking statements, and, except as required by law,
including Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
Fidelis assumes no obligation and does not intend to update or
revise these forward-looking statements after the date of this
press release, whether as a result of new information, future
events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240528717872/en/
Fidelis Insurance Group Investor Contact:
Fidelis Insurance Group Miranda Hunter (441) 279 2561
miranda.hunter@fidelisinsurance.com
Fidelis Insurance Group Media Contacts:
Kekst CNC Fidelis@kekstcnc.com
Fidelis Insurance (NYSE:FIHL)
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