Everest Re Group closes public offering of 4.14M common shares at $360/share

EVEREST GROUP, LTD.

Offering of 4,140,000 common shares completed May 19, 2023, including full exercise of underwriters' option for 540,000 shares.
Public offering price set at $360.00 per share; proceeds for general corporate purposes and business expansion.
Underwriting agreement with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC as representatives.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EVEREST GROUP, LTD. entered into Underwriting Agreement with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC valued at Underwriting Agreement for 4,140,000 common shares at $360.00 per share (effective 2023-05-16).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
Value: Underwriting Agreement for 4,140,000 common shares at $360.00 per share
Effective: 2023-05-16

Exact text from the filing

In connection with the Offering, the Company entered into the Underwriting Agreement, dated May 16, 2023 (the “Underwriting Agreement”), by and between the Company and Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC, as representatives of the several underwriters named therein, filed as Exhibit 1.1 hereto and is incorporated herein by reference.

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EVEREST GROUP, LTD. filing history →

Source: SEC EDGAR

accession 0001628280-23-019036

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