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Buy (3.25 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 5:48 PM
Slide #247. Arch Capital Group Ltd. — Preferred Stock Offering
| Company: |
Arch Capital Group Ltd. (NASDAQ:ACGL) |
| Date announced: |
8/14/2017 |
| Shares Offered: |
8,000,000 |
| Date of Pricing: |
8/14/2017 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it has priced an underwritten public offering of 8,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL. The public offering price is $25 per Depositary Share for an aggregate public offering price of $200 million. The underwriters have been granted a 30-day over-allotment option to purchase up to an additional 1,200,000 Depositary Shares. The Company intends to use the net proceeds of this offering to redeem in part its outstanding Series C Non-Cumulative Preferred Shares. The offering is expected to close on August 17, 2017, subject to customary closing conditions. The Company has applied to list the Depositary Shares on NASDAQ under the symbol "ACGLO." |
Arch Capital Group is a holding company. Through its subsidiaries, Co. provides insurance, reinsurance and mortgage insurance. Co.'s underwriting segments are: insurance, which includes construction and national accounts, excess and surplus casualty, lenders products, professional lines, programs, and property, energy, marine and aviation; reinsurance, which includes casualty, marine and aviation, other specialty, property catastrophe, and property excluding property catastrophe; and mortgage, which includes its U.S. primary mortgage insurance, U.S. credit risk transfer that are mainly with government sponsored enterprises and international mortgage insurance and reinsurance operations. Preferreds: ACGLP, ARH.PRC, ACGLO, ACGLN
 Open the ACGL Page at Preferred Stock Channel »
| Name: |
Arch Capital Group Ltd |
| Website: |
www.archcapgroup.com |
| Sector: |
Insurance Brokers |
| Number of ETFs Holding ACGL: |
100 (see which ones) |
| Total Market Value Held by ETFs: |
$5,073,853,923.63 |
| Total Market Capitalization: |
$33,995,000,000 |
| % of Market Cap. Held by ETFs: |
14.93% |
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