Company offers 13.57 million common shares; FBR Capital was the agent
By Devika Patel
Knoxville, Tenn., Feb. 20 - National General Holdings Corp. completed a $189.98 million private placement of stock on Feb. 19, according to an 8-K filed Thursday with the Securities and Exchange Commission. FBR Capital Markets & Co. was among the investors and also acted as the agent.
The company sold 13.57 million common shares at $14.00 per share.
The insurance holding company is based in New York.
Issuer: | National General Holdings Corp.
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Issue: | Common stock
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Amount: | $189,980,000
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Shares: | 13.57 million
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Price: | $14.00
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Warrants: | No
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Agent: | FBR Capital Markets & Co.
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Investor: | FBR Capital Markets & Co.
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Settlement date: | Feb. 19
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Stock symbol: | OTCBB: NGHC
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