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Article: Frontier Insurance Group, Inc. Announces a Proposed Offering of Convertible Preferred Stock
- Article from:
- PR Newswire
- Article date:
- September 24, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCK HILL, N.Y., Sept. 24 /PRNewswire/ -- Frontier Insurance Group, Inc. (NYSE: FTR) ("Frontier") announced today that it plans to raise $150 million through the proposed offering of convertible TOPrS (Convertible Trust Originated Preferred Securities). Frontier will grant to the initial purchasers of the TOPrS an over-allotment option which, if exercised in full, will result in on additional $22.5 million of gross proceeds. The TOPrS will be issued through Frontier Financing Trust, a Delaware Business Trust to be formed by Frontier.
Frontier plans to use the proceeds of the financing to repay existing bank debt, contribute capital to its insurance subsidiaries and ...
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Article: Frontier Insurance Group, Inc. Announces ...
Business Wire;
March 13, 2001 ;
700+ words
... ... WIRE)--March 13, 2001 Frontier Insurance Group, Inc. (Frontier) (OTCBB ... primary operating subsidiary, Frontier Insurance Company, will voluntarily ... renewal insurance business. Frontier Insurance Company will be working ...
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