Fortegra Secures $150 Million in Capital to Support Growth
Tiptree (TIPT) Prnewswire·2024-11-08 21:00
Junior subordinated notes issuance comes in anticipation of growing Fortegra's operationsJACKSONVILLE, Fla., Nov. 8, 2024 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra"), a multinational specialty insurer and subsidiary of Tiptree Inc. (NASDAQ:TIPT), today announced the successful completion of $150 million of 9.25% Fixed Rate Resetting Junior Subordinated Notes due 2064 (the "Notes"). The Notes, to be issued under an indenture, will be junior, subordinated and unsecured obligations of Fortegra, and w ...