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Article: Frontier Insurance Group Inc. Announces Filing of Registration Statement
- Article from:
- PR Newswire
- Article date:
- July 16, 1997
CopyrightCOPYRIGHT 1997 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., 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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