Fidelis Insurance to price dollar-denominated 10-year senior notes

By Cristal Cody

Tupelo, Miss., June 10 – Fidelis Insurance Holdings Ltd. (BBB) plans to price a Rule 144A dollar-denominated offering of 10-year senior notes on Thursday, according to a market source.

Wells Fargo Securities LLC is the bookrunner.

The company held fixed income investor calls for the issue on Wednesday.

Fidelis said in a news release on Wednesday that it also has executed agreements to raise a further $500 million of equity capital from existing investor relationships.

The company has now secured $800 million of additional equity in the last six months and will have capital for underwriting in excess of $2 billion.

Fidelis Insurance Holdings is a Bermuda-based specialty insurance and reinsurance provider with offices in New York and Houston.

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