RE - Everest Re Group down 4% prices 3.6M equity offering
2023-05-17 05:49:05 ET
- Everest Re Group ( NYSE: RE ) prices an underwritten public offering of 3.6M shares at a price to the public of $360.00 per share,
- Underwriters have the option to purchase up to an aggregate of 540K additional shares.
- This reflects an upsizing of the previously announced offering of 3M shares and 450K option shares granted to the underwriters.
- The offering is expected to close on May 19, 2023.
- Net proceeds from this offering for general corporate purposes, which may include expanding its existing business lines and operations.
- The stock has dropped 4% during pre-market on Wednesday,
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Everest Re Group down 4%, prices 3.6M equity offering