Enstar raises $350m via bond issue

21-08-2020

Enstar Finance, a subsidiary of Enstar Group, has raised $350 million via the issue of 5.750 percent fixed-rate reset junior subordinated notes, due 2040. 

The notes are fully and unconditionally guaranteed, on a junior subordinated basis, by Enstar. Enstar will use the proceeds to repay approximately $350 million of borrowings outstanding under its term loan facility. 

The offering is expected to close on August 26, 2020, subject to satisfaction of customary closing conditions.

Enstar Finance

Bermuda Re