Maiden Holdings Closes $107.5m Debt Offer
Bermuda based Maiden Holdings, Ltd. announced that its wholly-owned U.S. holding company, Maiden Holdings North America, Ltd. has closed its offering of $107.5 million aggregate principal amount of 8.25% Senior Notes due June 15, 2041, including $7.5 million aggregate principal amount of Notes to be issued and sold by Maiden NA pursuant to the underwriters’ exercise in part of their over-allotment option, which Notes are fully and unconditionally guaranteed by Maiden.
The offering was priced on June 17, 2011. Total net proceeds from the offering were approximately $104.7 million, after deducting the underwriting discount and estimated offering expenses payable by Maiden NA and the Company.
