Essent Group (ESNT) Prices 12M Share Common Offering at $33.25/Sh
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Essent Group Ltd. Prices Public Offering Of Common Shares
May 29, 2020 6:30 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) (the Company) announced today the pricing of its previously announced public offering of 12,000,000 common shares (the Offering) at $33.25 per share. In connection with the Offering, the underwriters have a 30-day option to purchase up to 1,800,000 additional common shares from the Company. The Offering is expected to close on June 2, 2020, subject to customary closing conditions.
The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include (i) capital contributions to support the Companys insurance subsidiaries and (ii) paying... More
