Watford Holdings plans to redeem some 8.5% preference shares

By Angela McDaniels

Tacoma, Wash., June 27 – Watford Holdings Ltd. plans to redeem a portion of the company’s 8.5% cumulative redeemable preference shares, according to a company news release.

The redemption will be funded with proceeds from $175 million of 6.5% senior notes due 2029. The proceeds will also be used for general corporate purposes.

Watford is a property and casualty insurance and reinsurance company based in Pembroke, Bermuda.

© 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.