SiriusPoint (SPNT) Announces Notes Offering
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SiriusPoint Announces Notes Offering, Tender Offer for 4.600% Senior Notes due 2026 and Redemption of 7.00% Senior Notes due 2025
March 21, 2024 9:01 AM EDTHAMILTON, Bermuda, March 21, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (SiriusPoint or the Company) (NYSE: SPNT) announced today a proposed offering of senior unsecured notes (the New Notes) (the Debt Offering), a cash tender offer for any and all of its 4.600% Senior Notes due 2026 (the 2026 Notes) (the Tender Offer) and that it will redeem all its outstanding 7.00% Senior Notes due 2025 (the 2025 Notes) (the Redemption).
Scott Egan, CEO of SiriusPoint, said, 2023 was a turnaround year for SiriusPoint as we executed against our strategic priorities to simplify the business, reduce volatility, and deliver a double-digit return on equity. We achieved... More
