The Ardonagh Group Announces New Issuance of Debt
Further to its announcement on 11 October 2017 stating the intention to acquire Carole Nash using a combination of new debt and existing liquidity, the Group confirms that it intends to issue to investors £55 million in aggregate principal amount of its 8.325% Senior Secured Notes due 2023. The Group expects to retain the notes proceeds in escrow pending the completion of the acquisition following regulatory approval.
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Email: communications@ardonagh.com
Media Queries External Contact
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Email: communications@ardonagh.com
Latest announcements
Ardonagh Advisory builds presence in northwest England with acquisition of SIB Insurance
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Ardonagh Advisory completes acquisition of Westfield Insurance
Further to its announcement in December that it had exchanged contracts, Ardonagh Advisory has completed its acquisition of Westfield Brokers Ltd.