Federated National Holding to conduct $40 million public sale of stock

Raymond James is bookrunner, Janney Montgomery, William Blair assist

By Devika Patel

Knoxville, Tenn., July 29 – Federated National Holding Co. will price a $40 million public sale of stock with a 15% greenshoe, according to an FWP and prospectus supplement filed Monday with the Securities and Exchange Commission.

Raymond James is the lead bookrunner, and William Blair and Janney Montgomery Scott will be the co-managers.

Proceeds will be used for general corporate purposes.

The insurance holding company is based in Sunrise, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.