James River Group (JRVR) to Offer $175M in Common Stock

James River Group Holdings, Ltd. (NASDAQ: JRVR) announced today that it commenced an underwritten public offering of approximately $175 million of its common shares. The Company expects to use the net proceeds from the offering for general corporate purposes. The Company also expects to grant the underwriters a 30-day option to purchase up to approximately $26 million of additional common shares.

Barclays and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint book-running managers for the proposed offering.

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