Endurance raises $200m and wants $400m more
Bermudian (re)insurer Endurance Specialty Holdings has announced that it has agreed to sell ordinary shares to raise approximately $200m in total proceeds, and that it intends to offer preferred securities and senior notes to the value of $400m.
The firm said that Goldman Sachs has agreed to buy the ordinary shares and subsequently sell them to public investors. Endurance says it expects to use the proceeds from the sale of its ordinaryOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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