04:56 PM EDT, 06/10/2025 (MT Newswires) -- Fidelis Insurance ( FIHL ) said Tuesday it has priced $400 million of 7.75% fixed-rate reset subordinated notes due 2055.

The offering is expected to close Friday, the company said.

Fidelis Insurance Group will use part of the net proceeds to fund the redemption of the 9% fixed rate/floating rate cumulative preference shares, Series A, the company said.

The rest of the net proceeds from the offering will be for general corporate purposes, it said.