HAMILTON, Bermuda, Sept. 16, 2013 /PRNewswire/ -- Essent Group Ltd. ("the Company") announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common shares. The number of shares to be offered and the price range for the offering have not yet been determined. The Company intends to apply to list the common shares on the New York Stock Exchange under the ticker symbol "ESNT."
The book-running managers for the offering will be Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC. Dowling & Partners Securities LLC, Keefe, Bruyette & Woods, Inc. and Macquarie Capital (USA) Inc. will act as co-managers for the offering.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from the prospectus departments of Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 1-212-902-9316 or email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, telephone: 1-866-803-9204; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847 or email: [email protected]; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, 1B, New York, NY 10010, telephone: 1-800-221-1037 or email: [email protected].
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About the Company
The Company's wholly owned subsidiary, Essent Guaranty, Inc., ("Essent"), offers private mortgage insurance for single-family mortgage loans in the United States. The Company, a Bermuda limited liability company, was organized in 2008. Essent began writing business in May of 2010.
SOURCE Essent Group Ltd.