10:26 AM EDT, 03/10/2025 (MT Newswires) -- Enstar Group ( ESGR ) said Monday it started a cash tender offer for any and all of the $350 million outstanding 5.75% fixed-rate reset junior subordinated notes due 2040 issued by its unit, Enstar Finance.

Enstar ( ESGR ) will pay $1,000 for an equal principal amount of notes validly tendered and accepted for purchase in the tender offer.

Holders of notes purchased in the tender offer will also receive accrued and unpaid interest up to, but not including, March 19, the expected settlement date, according to the company.

The tender offer is conditional on the company securing at least $350 million in debt financing, Enstar ( ESGR ) added.

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