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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 9:28 AM

Slide #41. Arch Capital Group Ltd. Preferred Stock Offering

Company: Arch Capital Group Ltd. (NASDAQ:ACGL)
Date announced: 8/14/2017
Shares Offered: 8,000,000
Date of Pricing: 8/14/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it has priced an underwritten public offering of 8,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL. The public offering price is $25 per Depositary Share for an aggregate public offering price of $200 million. The underwriters have been granted a 30-day over-allotment option to purchase up to an additional 1,200,000 Depositary Shares. The Company intends to use the net proceeds of this offering to redeem in part its outstanding Series C Non-Cumulative Preferred Shares. The offering is expected to close on August 17, 2017, subject to customary closing conditions. The Company has applied to list the Depositary Shares on NASDAQ under the symbol "ACGLO."

Arch Capital Group is a holding company. Through its subsidiaries, Co. writes specialty lines property, casualty and mortgage insurance and reinsurance lines. Co.'s insurance group focuses on: construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health; and other. Co.'s reinsurance group focuses on: casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe; and other. Co.'s mortgage group includes direct mortgage insurance, mortgage reinsurance, and various government sponsored enterprise credit risk-sharing products.

Preferreds: ARH.PRC, ACGLP

Open the ACGL Page at Ru Back Packer »

Name: Arch Capital Group Ltd
Sector: Insurance Brokers
Number of ETFs Holding ACGL: 55 (see which ones)
Total Market Value Held by ETFs: $1,245,754,513
Total Market Capitalization: $11,949,000,000
% of Market Cap. Held by ETFs: 10.43%

Open the ACGL Page at Ru Back Packer (in a new window) »

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