debt
confidence high
sentiment neutral
materiality 0.60
Conifer extends exchange offer; $5.2M of 6.75% notes tendered (21.5%)
Presurance Holdings, Inc.
- Extended exchange offer deadline to 6:00 p.m. ET on August 1, 2023; Existing Notes (6.75% due 2023) can be exchanged for New Notes (9.75% due 2028).
- As of July 25, approximately $5.2M principal of Existing Notes tendered, representing 21.5% of outstanding.
- Company also offering up to $25M aggregate principal of New Notes for cash on best-efforts basis.
- New Notes expected to trade on Nasdaq under symbol 'CNFRZ'; dealer managers are Janney Montgomery Scott and American Capital Partners.