Market Overview

AXIS Capital Announces 2.736M Share Secondary Offering

AXIS Capital (NYSE: AXS) today
announced an underwritten secondary public offering of 2,736,223 common
shares. The common shares are being sold by Trident II, L.P. and related
entities (“Trident”). After giving effect to this offering and the
recently announced repurchase of 3,000,0000 common shares by AXIS
Capital from Trident, Trident will no longer own any of AXIS Capital's
common shares. No common shares are being sold by AXIS Capital in this
offering, and it will not receive any proceeds from the offering.

UBS Investment Bank will be the sole underwriter for the offering of the
common shares. The common shares are being offered and sold under AXIS
Capital's effective shelf registration statement on Form S-3 (No

See full press release

Posted-In: News Guidance Management

 

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