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Delphi Financial Announces Public Offering of Common Stock
Wednesday, April 29, 2009 1:08 PM


(Source: Datamonitor)trackingUS-based Delphi Financial Group has announced a registered underwritten public offering of three million shares of its class A common stock.

Delphi will grant the underwriters a 30-day option to purchase up to 450,000 additional shares of class A common stock from the company. Barclays Capital is the sole book-running manager of the offering.

Net proceeds from the offering are expected to be used for general corporate purposes. This offering is being affected in lieu of a $30 million continuous equity offering program the Delphi announced in a form 8-K filing on April 24, 2009, which will be terminated, said Delphi.

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