Arch capital group ltd. announces $500 million public offering of depositary shares representing series g preferred shares

Pembroke, bermuda--(business wire)--arch capital group ltd. [nasdaq: acgl] announced today that it has priced an underwritten public offering of 20,000,000 depositary shares, each of which represents a 1/1,000th interest in a 4.550% non-cumulative preferred share, series g, of acgl (the “series g preferred shares”). the public offering price is $25 per depositary share for an aggregate public offering price of $500 million. the company intends to use the net proceeds of this offering to redeem
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