Federated National Announces Completing of Private Placement of Senior Notes
January 03, 2018 at 06:51 pm IST
Federated National Holding Company announced completed its previously announced private offering of senior unsecured notes in two tranches and raised an aggregate of $45 million. The first tranche of $25 million of senior unsecured floating rate notes due 2027 was purchased by funds managed by Twelve Capital. The second tranche of $20 million of senior unsecured fixed rate notes due 2022 was purchased by clients of Athene Asset Management LP.