News & Events zu Enstar Group Ltd (ESGR)ESGREnstar Group Ltd

Sixteen option delistings on July 22nd

Option delistings effective July 22nd include Radius Recycling, Inc. - Class A Common Stock (RDUS), PHX Minerals Inc. (PHX), LSEA Stock (LSEA), KRON Stock (KRON), Juniper Networks, Inc. (JNPR), INZY Stock (INZY), HARTFORD SCHRODERS COMMODITY STRATEGY ETF (HCOM), EVRI Stock (EVRI), Enstar Group Limited - Ordinary Shares (ESGR), Dada Nexus (DADA), GRANITESHARES 1X SHORT AMD DAILY ETF (AMDS), AGS Stock (AGS), RGLS Stock (RGLS), SWTX Stock (SWTX), WisdomTree Battery Value Chain and Innovation Fund (WBAT), and X Stock (X).

Sixth Street completes acquisition of Enstar Group

Enstar Group announced the closing of its acquisition by investment vehicles managed by affiliates of Sixth Street for $338.00 in cash per ordinary share, representing a total equity value of $5.1B Liberty Strategic Capital, J.C. Flowers & Co., and other institutional investors also participated in the transaction. In connection with the closing of the transaction, Enstar notified The Nasdaq Stock Market, that Enstar intends to voluntarily withdraw its depositary shares, each representing a 1/1,000th interest in a 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Share, Series D, par value $1.00 per share, and its depositary shares, each representing a 7.00% Perpetual Non-Cumulative Preferred Share, Series E, par value $1.00 per share from listing on NASDAQ and registration pursuant to Section 12(b) of the Securities Exchange Act of 1934. Enstar expects to file a Form 25 Notification of Delisting with the Securities and Exchange Commission on or about July 14, relating to delisting and deregistering of the depositary shares. Enstar has not arranged, and does not intend to arrange, for listing and/or registration of the depositary shares on another national securities exchange or for quotation of the depositary shares in a quotation medium. The transaction was announced on July 29, 2024, and approved by Enstar shareholders at the Company's Special General Meeting of Shareholders on November 6, 2024. With the completion of the acquisition, Enstar's ordinary shares will no longer be listed publicly, and Enstar will continue operations as a privately held, standalone company. The Company will continue to operate under the Enstar name.

Enstar Group announces expiration, results of cash tender offer

Enstar Group announced the expiration and final results of its previously announced cash tender offer for any and all of the outstanding 5.750% Fixed-Rate Reset Junior Subordinated Notes due 2040 issued by Enstar's wholly owned subsidiary, Enstar Finance LLC, that Enstar guarantees on a junior subordinated basis. The Tender Offer expired at 5:00 p.m., New York City time, on March 14, 2025. The principal amount of the Notes that was validly tendered and not validly withdrawn in the Tender Offer as of the Expiration Time according to information provided by D.F. King & Co., Inc., the Information and Tender Agent for the Tender Offer, is set forth in the table below. The amount in the table below does not include $737,000 aggregate principal amount of the Notes that remain subject to the guaranteed delivery procedures. Enstar expects to accept for purchase all Notes validly tendered and not validly withdrawn prior to the Expiration Time, including Notes delivered in accordance with the guaranteed delivery procedures. Settlement for the Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase by Enstar is expected to take place on March 19, 2025. Holders of Notes accepted for purchase pursuant to the Tender Offer will receive the previously announced consideration of $1,000 for each $1,000 principal amount of Notes plus accrued and unpaid interest thereon from the last interest payment date to, but not including, the settlement date for the Tender Offer.