Enstar Group Limited Announces Expiration and Results of Cash Tender Offer For Junior Subordinated Notes Due 2040

Core Viewpoint - Enstar Group Limited has completed its cash tender offer for its 5.750% Fixed-Rate Reset Junior Subordinated Notes due 2040, with a significant portion of the notes being tendered by the expiration date [1][2]. Group 1: Tender Offer Details - The tender offer expired on March 14, 2025, at 5:00 p.m. New York City time [2]. - A total of $232,560,000 of the $350,000,000 outstanding principal amount of the notes was validly tendered and not withdrawn [3]. - Enstar expects to accept all validly tendered notes, with settlement scheduled for March 19, 2025, and holders will receive $1,000 for each $1,000 principal amount plus accrued interest [3]. Group 2: Offer Management - The tender offer was conducted under the Offer to Purchase dated March 10, 2025, with D.F. King & Co., Inc. serving as the Information and Tender Agent [4]. - The Dealer Managers for the tender offer included Wells Fargo Securities, LLC, Barclays Capital Inc., HSBC Securities (USA) Inc., SMBC Nikko Securities America, Inc., and Truist Securities, Inc. [4]. Group 3: Company Overview - Enstar is a leading global insurance group listed on NASDAQ, specializing in innovative capital release solutions and legacy acquisitions, having acquired over 120 companies and portfolios since its inception [6].