Announcements
The Ardonagh Group Closes Mirror Notes Offering
Further to its 5 November 2018 announcement, The Ardonagh Group (“the Group”) announces that it has issued its $235 million 8.625% senior secured notes due 2023 (the “Notes”), pursuant to a temporary indenture. The proceeds will be used to finance in part the purchase of Swinton (Holdings) Limited*, as announced on 27 September 2018, in connection with the acquisitions of Minton House Group Limited, Health and Protection Solutions Limited and Professional Fee Protection Limited**, as announced on 29 October 2018, and for general corporate purposes including the funding of further acquisitions.
Q3 2018 results announcement
We are pleased to confirm that The Ardonagh Group (“the Group”) will be releasing Q3 results covering the nine months to 30 September 2018 shortly after 1700hrs (UK) on Wednesday 28 November 2018.
The Ardonagh Group Prices Mirror Notes Offering
Further to its 29 October 2018 announcement, The Ardonagh Group (“the Group”) announces that on 2 November 2018 it priced the mirror notes offering of its $235 million 8.625% senior secured notes due 2023 (the “Notes”) to be issued under its existing Indenture (upsized from the $225 million of Notes announced in its 29 October 2018 announcement).
The Ardonagh Group announces sale of Commercial MGA Lines
The Ardonagh Group (“the Group”) today announces it has entered into an agreement to sell its Commercial MGA businesses to Arch UK Holdings Limited (“Arch”).
The Ardonagh Group Launches Mirror Notes Offering
The Ardonagh Group (“the Group”) today announces the launch of a mirror notes offering of its $225 million 8.625% senior secured notes due 2023 (the “Notes”) under its existing Indenture.
The Ardonagh Group announces release of Shareholder Written Resolution - October 2018
The Ardonagh Group announces the release of a Shareholder Written Resolution relating to an acquisition of assets with a Fair Market Value (as defined in the SHA) exceeding £15 million.