FedNat misses coupon on senior notes

Farhin Lilywala

September 21, 2022

FedNat has failed to make its coupon payment, due September 15, on its $100mn senior unsecured notes, due 2029.

If the company does not cure the event within 10 days of the missed payment or September 25, an event of default will occur.

FedNat

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Farhin Lilywala

Section Editor, Distribution & Specialty