A total of 16,552,030 warrants were tendered

Davis Polk advised the dealer manager and solicitation agent in connection with a cash tender offer for all of the outstanding warrants to purchase common shares of International General Insurance Holdings Ltd.(IGI), and the solicitation of consents from holders of the warrants to amend the warrant agreement to permit the company to require that each warrant outstanding upon the closing of the tender offer be redeemed for $0.86 in cash. A total of 16,552,030 warrants, or approximately 96% of the outstanding warrants, were tendered, each for $0.95 in cash.

IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of specialty lines insurance and reinsurance solutions, with headquarters in Amman, Jordan. 

The Davis Polk capital markets team included partner Derek Dostal and associate Michael Schuster. Partner Mario J. Verdolini and associates Justin Corvino and Charlotte Bilski Matthews provided tax advice. All members of the Davis Polk team are based in the New York office.

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