Argo Group International Holdings, Inc. announced the full redemption of outstanding Depositary Shares and Senior Notes.
The Company will redeem all outstanding shares of its 7.00% Resettable Fixed Rate Preferred Stock, Series A.
Argo US, the Company's subsidiary, will redeem all outstanding $143.75 million aggregate principal amount of 6.500% Senior Notes due 2042 and intends to delist and deregister.
Preferred Redemption
Argo will redeem all Depositary Shares and 7.00% Resettable Fixed Rate Preferred Stock, Series A.
Notes Redemption
Argo US will redeem all outstanding $143.75 million Senior Notes due 2042.
Delisting and Deregistration
The Company plans to delist and deregister the Depositary Shares and Senior Notes from the NYSE.
- Upon the redemptions, no outstanding Depositary Shares or Senior Notes will remain, terminating related rights except for receiving redemption prices.
- Investors should contact their banks or brokers for information on obtaining redemption prices.
Argo Group International Holdings, Inc. is strategically streamlining its financial instruments by fully redeeming Depositary Shares and Senior Notes, signaling a focused approach towards financial management and regulatory compliance.