These Notes, issued under an indenture agreement, represent junior, subordinated, and unsecured obligations of Fortegra, with guarantees on a junior subordinated basis provided by certain company subsidiaries.
This capital raise is set to support Fortegra’s strategic growth initiatives, enabling the company to strengthen partnerships through customised insurance solutions, enhance its risk management capabilities to safeguard partner and policyholder interests, and improve profitability through focused expansion efforts.
The investment positions Fortegra to capitalise on emerging market opportunities, expand its specialty insurance offerings, and reinforce its commitment to operational excellence and long-term value creation for its stakeholders.
CFO Edward Peña highlighted the importance of the financing, stating: “This strategic financing enables Fortegra to drive profitable growth and optimally manage risk for our partners and policyholders across the U.S. and Europe.”
He added “By strengthening our capital position, we can further enhance our specialty insurance offerings, expand our warranty and consumer products businesses, and diversify our risk portfolio. This transaction demonstrates our commitment to delivering long-term value to our partners, policyholders, and shareholders. We’re well-positioned to capitalise on market opportunities while maintaining a strong focus on risk management, business growth, and operational excellence.”
