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Kingstone Cos. closes senior notes offering

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Kingstone Cos. closes senior notes offering

Kingstone Cos. Inc. closed an underwritten public offering of $30 million of 5.50% senior unsecured notes due 2022.

The aggregate net proceeds to the company are expected to be approximately $29.1 million, after deducting underwriting discounts and commissions and other estimated offering expenses.

Kingstone intends to use the net proceeds of the offering primarily to support organic growth, including contributions to Kingstone Insurance Co., and for general corporate purposes.

Sandler O'Neill & Partners LP acted as the underwriter for the offering.