Enstar Group LTD: debt financing — Enstar issues $350M of 7.500% junior subordinated notes due 2045

Enstar Group LTD

$350M aggregate principal amount issued at 7.500% fixed rate through March 31, 2035.
Interest rate resets every five years after 2035 at Five-Year Treasury Rate plus 3.186%.
Notes mature April 1, 2045, subject to redemption satisfaction and regulatory conditions.
Mandatory interest deferral if Enhanced Capital Requirements are breached.
Redemption before April 1, 2030 requires Bermuda Monetary Authority approval.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Enstar Group LTD incurred senior notes of $350 million with The Bank of New York Mellon at 7.500% Fixed-Rate Reset maturing April 1, 2045.

Instrument: senior notes
Principal: $350 million
Counterparty: The Bank of New York Mellon
Rate: 7.500% Fixed-Rate Reset
Maturity: April 1, 2045
Event: incurrence

Exact text from the filing

On March 18, 2025, Enstar Group Limited (the "Company") issued $350 million in aggregate principal amount (the "Offering") of its 7.500% Fixed-Rate Reset Junior Subordinated Notes due 2045

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Source: SEC EDGAR

accession 0001104659-25-025117

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