The Ardonagh Group Announces New Issuance of Debt
Further to its announcement on 11 October 2017 stating the intention to acquire Carole Nash using a combination of new debt and existing liquidity, the Group confirms that it intends to issue to investors £55 million in aggregate principal amount of its 8.325% Senior Secured Notes due 2023. The Group expects to retain the notes proceeds in escrow pending the completion of the acquisition following regulatory approval.
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Email: communications@ardonagh.com
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Email: communications@ardonagh.com
Latest announcements
Ardonagh to acquire Australian-headquartered and ASX-listed PSC Insurance Group in landmark A$2.3 billion transaction
The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s largest independent insurance broking platforms, today announced it has entered into a Scheme Implementation Deed (“SID”) to acquire all of the issued ordinary shares in PSC Insurance Group Limited (ASX:PSI) (“PSC”) for A$6.19 in cash per PSC Share pursuant to a scheme of arrangement.
Ardonagh to acquire Italian commercial lines business Mansutti S.r.l
The Ardonagh Group (“Ardonagh”) today announces it has agreed to acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker, Mansutti S.p.A.