James river announces pricing of public offering of common shares

Pembroke, bermuda, may 06, 2021 (globe newswire) -- james river group holdings, ltd. (nasdaq: jrvr) (the “company”) announced today that it has priced the previously announced underwritten public offering of 5,650,000 of its common shares at a price to the public of $31.00 per share or an aggregate of $175,150,000. the company expects to use the net proceeds from the offering for general corporate purposes. the offering is expected to close on may 10, 2021, subject to customary closing conditions. the company has granted the underwriters a 30-day option to purchase up to 847,500 additional common shares at the public offering price, less the underwriting discounts and commissions.
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