Republic Companies Group Inc., based in Dallas, reported it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of up to $115,000,000 of newly issued common stock.
Proceeds of the offering are expected to be used by Republic to redeem a portion of its outstanding 12 percent Series A preferred stock, including all accrued and unpaid dividends on those shares, and for general corporate purposes.
J.P. Morgan Securities Inc. and Banc of America Securities LLC will act as the joint book-running managers and Keefe, Bruyette & Woods Inc. and Sandler O’Neill & Partners L.P. will act as co-managers for the proposed offering.
A copy of the prospectus relating to these securities, when available, may be obtained from J.P. Morgan Securities Inc., Addressing Department, One Chase Manhattan Plaza, Floor 5B, New York, N.Y. 10081 or Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, New York, N.Y. 10001 or via e-mail at dg.prospectus_distribution@bofasecurities.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective.
Through its subsidiaries and affiliates, Republic provides personal and commercial property and casualty insurance products to individuals and small to medium-size businesses located primarily in Texas, Louisiana, Oklahoma and New Mexico. These products are distributed through a network of independent agents and professionally managed specialty programs.
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