Federated National Holding plans $26 million public offering of stock

Deal conducted by Raymond James, co-manager Janney Montgomery Scott

By Devika Patel

Knoxville, Tenn., Nov. 8 - Federated National Holding Co. will price a $26 million public sale of stock, according to a free writing prospectus filed Friday with the Securities and Exchange Commission. The deal will have a 15% greenshoe.

Raymond James is the bookrunner, and Janney Montgomery Scott will be the co-manager.

Proceeds will be used for general corporate purposes.

The insurance holding company is based in Sunrise, Fla.

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