Everest completes ~$1.5bn capital raise
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Everest completes ~$1.5bn capital raise

Thorsten Schier
May 19, 2023
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Everest Re Group has completed a fully subscribed offering of 4.14 million shares at $360 per share for net proceeds of ~$1.5bn, confirming earlier reports from this publication.

The company reiterated that it will use the proceeds for general corporate purposes, including expanding its existing business lines and operations.

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