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AHL - Aspen Insurance Holdings News Story

$42.74 0.0  0.0%

Last Trade - 14/02/19

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.98bn
Position in Universe th / 6642

BUZZ-Innovative Industrial Prop: Cannabis REIT rises on convertible deal upsize, S&P add

Fri 15th February, 2019 4:36pm
** Innovative Industrial Properties Inc  IIPR.N  up ~6 pct
at $64.21 after REIT prices its upsized convertible offering and
on news it will join the S&P
    ** Co offers privately $125 mln of 3.75 pct exchangeable
senior notes due 2024; conversion price of $69.575 a 15 pct
premium to stock's Thurs close  urn:newsml:reuters.com:*:nBw8930zna
    ** Offering upsized from $100 mln; co to use net proceeds to
invest in specialized industrial properties that support
regulated medical-use cannabis cultivation and processing
industry
    ** After the bell Thurs, S&P Dow Jones says IIPR to replace
health care svcs firm Amedisys  AMED.O  in S&P SmallCap 600
index  .SPCY  before market open on Thurs, Feb 21  urn:newsml:reuters.com:*:nPn69yNTSa
    ** AMED replacing Aspen Insurance Holdings  AHL.N  in S&P
Midcap 400 index  .IDX ; Apollo Global Management  APO.N 
completed its acquisition of Aspen earlier today  urn:newsml:reuters.com:*:nBw6wHNTSa
    ** IIPR shares have gained 41 pct so far this year. Stock
hit record high $68.21 on Mon

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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