Bermuda-based AXIS Capital Holdings Limited announced that it has agreed to sell $250 million of 7.25 percent Series A Preferred Shares with a liquidation preference of $25.00 per share.
The Company said it “has applied for approval to list the Series A Preferred Shares on the New York Stock Exchange under the symbol “AXSPRA.” AXIS may redeem the shares on and after October 15, 2010 at a redemption price of $25.00 per share. The shares are rated “Baa3” by Moody’s Investors Service and “BBB-” by Standard & Poor’s.
The shares are being offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission on August 6, 2004.
AXIS said it “intends to use the net proceeds of the offering for general corporate purposes.”
Was this article valuable?
Here are more articles you may enjoy.
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
