Fidelis Insurance Holdings Limited announced the pricing of $400 million aggregate principal amount of its 7.750% Fixed-Rate Reset Subordinated Notes due 2055. This significant debt offering is expected to close on June 13, 2025.
The company intends to use a portion of the net proceeds from this offering to retire higher-cost preferred shares. This strategic move aims to optimize Fidelis's capital structure and potentially reduce its overall cost of capital.
The successful pricing of these notes demonstrates Fidelis's access to capital markets and its ability to secure financing on favorable terms. This strengthens the company's financial flexibility and supports its long-term growth objectives.
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