Navigators Renews Universal Shelf Registration Statement
The Navigators Group, Inc. (NASDAQ: NAVG) today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission.
This registration statement, once it becomes effective, will replace the Company's previous expiring shelf registration statement and will allow the Company to offer from time to time up to $500 million in various types of securities, including debt securities, common stock, preferred stock, depositary shares, warrants, units, stock purchase contracts and stock purchase units.
The filing was made in order to continue to provide the Company with future financial flexibility. The Company does not have any current plans to sell securities under the new registration statement. If and when the Company offers any securities under the new registration statement, the Company will prepare and make available a prospectus supplement that includes the specific terms of the securities being offered.
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