Small and kind of Junky insurance company Conifer Holdings (CNFR) has registered a new offering of notes.
The company has an issue of notes outstanding with a maturity date in September, 2023, but which are currently callable (as of 9/2021). The old issue can be found here Shares were trading at $22.xx yesterday and today are at $24.70.
The company is losing money and the common shares are trading at $1.73/share. Potential investors should be very cautious with this company. They recently released earning which can be seen here. AM Best has recently downgraded most of the company’s businesses.
The S-1 registration statement can be seen here.
2whiteroses dredged up this potential offering.