Article: Frontier Insurance Group Inc. Announces Filing of Registration Statement

ROCK HILL, N.Y., July 16 /PRNewswire/ -- Frontier Insurance Group, Inc. (NYSE: FTR)(Frontier) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a public offering of 4,000,000 common equity shares. The number of shares gives effect to the two for one (2:1) stock split being paid July 21, 1997.

The offering is being lead by Merrill Lynch & Co., with the Co-Managers comprised of Donaldson, Lufkin & Jenrette; Oppenheimer & Co., Inc.; Smith Barney Inc.; and Stephens Inc.

Frontier plans to use the proceeds of the proposed offering to repay $62 million of the outstanding debt under its $100 ...

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