9 January 2015 Insurance

AmTrust raises $150m in public offering

US insurer AmTrust has raised $150 million in a public offering following the sale of 3 million shares, representing a price per share of $50.

AmTrust has granted the underwriter an option for 30 days to purchase up to an additional 450,000 shares of common stock at the same price per share.

The offering is expected to close on Tuesday, January 13, 2015 with net proceeds being used for general corporate purposes, which may include working capital, capital expenditures and/or strategic investments.

Morgan Stanley acted as sole book-running manager of the offering.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk