NYSE:UVEInsurance
Universal Insurance Holdings (UVE) Could Be 10% Undervalued After Its $100 Million Debt Refinance
Universal Insurance Holdings (UVE) has completed a private placement of $100 million in 7.75% Senior Unsecured Notes due 2031. The company intends to use the proceeds to redeem its 5.625% Senior Notes due 2026 and extend its debt maturity profile.
See our latest analysis for Universal Insurance Holdings.
The refinancing comes as Universal Insurance Holdings’ share price has risen 24.47% year to date and delivered a 17.23% 90 day share price return, while the 1 year total shareholder return of...