Axis Capital (AXS) Announces 2.74M Secondary Offering

February 11, 2013 6:37 AM EST
Axis Capital Holdings Ltd. (NYSE: AXS) announced an underwritten secondary public offering of 2,736,223 common shares. The common shares are being sold by Trident II, L.P. and related entities (“Trident”). After giving effect to this offering and the recently announced repurchase of 3,000,0000 common shares by AXIS Capital from Trident, Trident will no longer own any of AXIS Capital’s common shares. No common shares are being sold by AXIS Capital in this offering, and it will not receive any proceeds from the offering.

UBS Investment Bank will be the sole underwriter for the offering of the common shares. The common shares are being offered and sold under AXIS Capital’s effective shelf registration statement on Form S-3 (No 333-165548).

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