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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 4:32 AM

Slide #309. AXIS Capital Holdings Limited Preferred Stock Offering

Company: AXIS Capital Holdings Limited (NYSE:AXS)
Date announced: 5/13/2013
Security type: Series D Preferred Shares (NYSE:AXS.PRD)
Shares Offered: 8,000,000
Date of Pricing: 5/13/2013
Price Per Share: $25.00
Preferred Stock Offering Details: AXIS Capital Holdings Limited announced that it has priced an offering of 8 million shares of 5.50% Series D Preferred Shares, par value $0.0125 per share and a liquidation preference of $25.00 per share (or $200 million in aggregate liquidation preference). AXIS Capital has also granted the underwriters a 30-day option to purchase up to 1.2 million additional Series D Preferred Shares solely to cover over-allotments, if any. The offering was made pursuant to an effective shelf registration statement and is expected to close on May 20, 2013, subject to customary closing conditions.

AXIS Capital Holdings is a holding company. Co. provides a range of specialty (re)insurance on a worldwide basis, through operating subsidiaries and branch networks based in Bermuda, the U.S., Canada, Europe and Singapore. Co.'s two segments are: insurance, which include provides physical loss or damage, business interruption and machinery breakdown coverage for various types of property, and provides hull and liability and specific war coverage in aviation; and reinsurance, which provides non-life reinsurance to insurance companies, and provides coverage for various types of construction risks and risks associated with erection, testing and commissioning of machinery in engineering.

Preferreds: AXS.PRA, AXS.PRC, AXS.PRD


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Name: AXIS Capital Holdings Ltd
Website: axiscapital.com
Sector: Insurance Brokers
Number of ETFs Holding AXS: 56 (see which ones)
Total Market Value Held by ETFs: $551,028,030
Total Market Capitalization: $4,197,000,000
% of Market Cap. Held by ETFs: 13.13%

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