Michael Groll~~Matthew B. Stern~~David Griffiths
January 24, 2026
Argo Group International Holdings, Ltd. Prices Public Offering of $150 Million of Depositary Shares

1 min
AI-made summary
- Willkie acted as legal counsel to the underwriters, including BofA Securities, Morgan Stanley, UBS Investment Bank, and J.P
- Morgan, in Argo Group International Holdings, Ltd.’s issuance of $150 million in depositary shares, each representing a 1/1,000th interest in a 7.00% Resettable Fixed Rate Preference Share, Series A
- Argo plans to use the proceeds to repay a $125 million term loan and for working capital to support its insurance operations.
Willkie advised the underwriters in the transaction. Willkie recently represented BofA Securities, Morgan Stanley, UBS Investment Bank, J.P. Morgan and other underwriters in connection with Argo Group International Holdings, Ltd.’s issuance of $150 million depositary shares each representing a 1/1,000th interest in a share of its 7.00% Resettable Fixed Rate Preference Shares, Series A. Argo intends to use the net proceeds from the offering to repay its term loan, which has $125 million principal remaining outstanding, and for working capital to support continued growth in Argo’s insurance operations. Argo Group International Holdings, Ltd. (NYSE: ARGO) is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The offering was led by Michael Groll and Matthew Stern and included David Griffiths and Casey Kelly, with additional assistance from Elizabeth Gray.
Article Author
Michael Groll~~Matthew B. Stern~~David Griffiths
The Sponsor
