Global Indemnity issues $120mn debt offer

Global Indemnity has announced a debt offering of $120mn to
finance growth and stock repurchases.
The proceeds from the offering will be used for purposes
including financing for acquisitions, share buybacks, debt
repayments and the expansion of its net underwriting capacity,
according to a statement from Cayman Islands-based (re)insurer.
The offering is expected to close on 23 March.
The transaction was co-managed by Morgan Stanley, UBS and RBC
Capital Markets.
In addition to the initial offeri