Everest Re (RE) Prices 3.6M Share Offering at $360/sh
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Everest Re Group, Ltd. Announces Pricing of Public Offering of 3,600,000 Common Shares
May 16, 2023 9:48 PM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYSE: RE) (the Company or Everest) announced today the pricing of an underwritten public offering of 3,600,000 common shares at a price to the public of $360.00 per share, before underwriting discounts and commissions. The underwriters have the option to purchase up to an aggregate of 540,000 additional common shares from the Company. This reflects an upsizing of the previously announced offering of 3,000,000 shares and 450,000 option shares granted to the underwriters. The offering is expected to close on May 19, 2023, subject to customary closing conditions.
The Company intends... More
