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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 4:47 AM
Slide #515. AXIS Capital Holdings Limited — Preferred Stock Offering
| Company: |
AXIS Capital Holdings Limited (NYSE:AXS) |
| Date announced: |
5/13/2013 |
| Security type: |
Series D Preferred Shares (AXS.PRD) |
| Shares Offered: |
8,000,000 |
| Date of Pricing: |
5/13/2013 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
AXIS Capital Holdings Limited announced that it has priced an offering of 8 million shares of 5.50% Series D Preferred Shares, par value $0.0125 per share and a liquidation preference of $25.00 per share (or $200 million in aggregate liquidation preference). AXIS Capital has also granted the underwriters a 30-day option to purchase up to 1.2 million additional Series D Preferred Shares solely to cover over-allotments, if any. The offering was made pursuant to an effective shelf registration statement and is expected to close on May 20, 2013, subject to customary closing conditions. |
AXIS Capital Holdings is a holding company. Co. provides a range of specialty lines insurance and treaty reinsurance to its clients through operating subsidiaries and branch networks. Co. has two reportable segments: insurance, which provides specialty insurance products to a variety of markets and its lines of business include property, marine, terrorism, aviation, credit and political risk, professional lines, liability, and accident and health; and reinsurance, which provides treaty reinsurance to insurance companies and its lines of business include catastrophe, property, professional lines, credit and surety, motor, liability, agriculture, marine and aviation, and accident and health. Preferreds: AXS.PRA, AXS.PRC, AXS.PRD, AXS.PRE
 Open the AXS Page at Preferred Stock Channel »
Open the AXS.PRD Page at Preferred Stock Channel for More Information About this Preferred »
| Name: |
AXIS Capital Holdings Ltd |
| Website: |
www.axiscapital.com |
| Sector: |
Insurance Brokers |
| Number of ETFs Holding AXS: |
43 (see which ones) |
| Total Market Value Held by ETFs: |
$596,257,135.5 |
| Total Market Capitalization: |
$5,172,000,000 |
| % of Market Cap. Held by ETFs: |
11.53% |
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