Enstar Group Limited

NASDAQ:ESGR   3:59:50 PM EDT
259.56
-3.61 (-1.37%)
Debt Financing / Related, Equity Financing / Related

Enstar Announces Two Transactions With Hillhouse

Published: 07/15/2021 13:25 GMT
Enstar Group Limited (ESGR) - Enstar Announces Two Transactions With Hillhouse.
Enstar Group Ltd - Agreement to Repurchase an Aggregate of 3.8 Million Ordinary Shares of Co Held by Funds Managed by Hillhouse Capital Management.
Enstar Group Ltd - Agreement to Repurchase an Aggregate of 3.8 Million Ordinary Shares of Enstar for a Price of $234.52 per Share.
Enstar - Unit Agreed to Purchase Hillhouse Affiliate's Entire 27.7% Interest in Enhanzed Reinsurance Ltd.
for Estimated Purchase Price of $228.7 Million.
Enstar Group Ltd - Intends to Fund Purchases Under Both Agreements Using Cash on Hand and Liquidity Available Under Its Revolving Credit Facility.
Enstar Group Ltd - Enstar's Previously Announced Share Buyback Program Has Been Terminated.