Enstar prices $350 million junior subordinated notes offering

Enstar Group  has priced $350 million in 7.500% Fixed-Rate Reset Junior Subordinated Notes due 2045, with the offering expected to close on March 18, 2025.

The proceeds will be used to repurchase outstanding 5.750% Fixed-Rate Reset Junior Subordinated Notes due 2040 and for general corporate purposes, including acquisitions and working capital.

The notes will be offered to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S. They will not be registered under the Securities Act and cannot be publicly offered or sold in the U.S.