Watford Holdings LTD 8.50% Cumulative Redeemable Preference Shares

9,065,200 shares were sold in a private placement on 3/31/2014 with a coupon of 8.5%. Coupon is fixed at 8.50% until 6/30/2019 at which point shares float at 3 month Libor plus a spread of 6.6785%. IF 3 month libor is BELOW 1% then 1% will be used as the libor floor.

The company redeemed 6,919,998 shares on 7/2/2019