Everest Re (RE) Announces Public Offering of 3M Common Shares
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Everest Re Group, Ltd. Announces Public Offering of 3,000,000 Common Shares
May 16, 2023 4:35 PM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYSE: RE) (the Company or Everest) announced today that it has commenced an underwritten public offering of 3,000,000 common shares. The underwriters will have the option to purchase up to an aggregate of 450,000 additional common shares from the Company.
The Company intends to use the net proceeds from this offering for general corporate purposes, which may include expanding its existing business lines and operations. Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers.
The shares are being offered pursuant to an... More
