Announcements
Ardonagh Group announces acquisition of Thames Underwriting
The Ardonagh Group (“the Group”) today announces the acquisition of Thames Underwriting (“Thames”), a specialist MGA providing insurance solutions to brokers across the Construction, Leisure and Commercial sectors.
The Ardonagh Group completes acquisition of Bennetts Motorcycling Services Limited
The Ardonagh Group (“the Group”) today announces that, further to the announcement on 17 February 2020 confirming that Atlanta Investment Holdings C Limited, a subsidiary of Ardonagh, has exchanged contracts in relation to the purchase of Bennetts Motorcycling Services Limited (“the Company” or “Bennetts”), it has now completed this acquisition following necessary approvals from the FCA.
The Ardonagh Group releases Shareholder Written Resolution
The Ardonagh Group announces the release of a Shareholder Written Resolution relating to the allotment, issuance and creation of new shares as consideration for the transfer to the Company of rollover loan notes issued by Ardonagh Midco 1 Limited.
The Ardonagh Group closes notes offering
Further to its 26 June 2020 announcement, The Ardonagh Group (“the Group”) announces that on 14 July 2020 Ardonagh Midco 2 plc issued $500,000,000 in aggregate principal amount of its 11.50% / 12.75% senior PIK toggle notes due 2027 (the “Notes”) pursuant to an indenture dated as of such date.
The Ardonagh Group prices notes offering
Further to its 22 June 2020 announcement, The Ardonagh Group (“the Group”) announces that on 25 June 2020 it priced the offering of $500 million in aggregate principal amount of Ardonagh Midco 2 plc’s 11.50% / 12.75% senior PIK toggle notes due 2027 (the “Notes”).
The Ardonagh Group launches notes offering
The Ardonagh Group (“the Group”) today announces the launch of an offering of its $500 million senior PIK toggle notes due 2026 (the “Notes”).