Fidelis Issues $300 Million Of Senior Notes
Fidelis Insurance Holdings Limited today announces the closing of its offering of $300 million aggregate principal amount of 4.875% Senior Notes due 2030.
“The Notes have a 10-year maturity and a fixed-rate coupon of 4.875% payable semi-annually. The Notes have received Tier 3 capital treatment under the Bermuda Monetary Authority’s Group Supervision Rules,” the company said.
“Following the announcement by the Company last week of its committed equity funding of $500 million, the offering of the Notes brings the aggregate capital committed to be raised by the Company in the last six months to over $1 billion, taking Fidelis’ total capital to over $2 billion.”
