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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 4, 9:33 AM
Slide #525. 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 Limited is a holding company. Co., through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the U.S., Europe, Singapore and Canada. Its underwriting operations are organized around its global underwriting platforms: AXIS Insurance and AXIS Re. Co. operates through two segments: insurance and reinsurance. The insurance segment offers specialty insurance products to a variety of niche markets on a worldwide basis. The product lines in this segment are professional lines, property, liability, cyber, marine and aviation, accident and health, and credit and political risk. 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: |
58 (see which ones) |
| Total Market Value Held by ETFs: |
$524,397,241.56 |
| Total Market Capitalization: |
$7,783,000,000 |
| % of Market Cap. Held by ETFs: |
6.74% |
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