Fidelis Insurance Holdings Ltd. has announced the pricing of a $400 million issuance of 7.750% Fixed-Rate Reset Subordinated Notes due 2055. This debt offering is expected to close on June 13, 2025, subject to customary closing conditions. Fidelis Insurance Group plans to use a portion of the net proceeds to redeem its 9.00% Fixed Rate/Floating Rate Cumulative Preference Shares, Series A, with the remaining funds allocated for general corporate purposes. The Notes are being offered under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. For more details, the full prospectus can be accessed at https://www.sec.gov.
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