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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, October 18, 5:30 PM
Slide #365. 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 (NYSE: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 (re)insurance, through operating subsidiaries and branch networks. Co.'s two segments are: Insurance and Reinsurance. Co.'s insurance segment provides insurance products to a variety of markets. The lines of business in Co.'s insurance segment include property, marine, terrorism, aviation, credit and political risk, liability, and accident and health. Co.'s reinsurance segment provides non-life treaty reinsurance to insurance companies, which include catastrophe, property, professional lines, credit and surety, motor, liability, agriculture, engineering, marine and other, 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: |
51 (see which ones) |
| Total Market Value Held by ETFs: |
$766,205,147 |
| Total Market Capitalization: |
$5,322,000,000 |
| % of Market Cap. Held by ETFs: |
14.40% |
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