SecProbe.io

Filing text and metadata
Intelligence Terminal Search Topics Monthly Activity About

SEC Comment Letter 0000000000-23-006677 to Fidelis Insurance Holdings Ltd (FIHL) (CIK 0001636639) (FIHL)

Fidelis Insurance Holdings Ltd (FIHL) (CIK 0001636639)
Date: June 22, 2023 · CIK: 0001636639 · Accession: 0000000000-23-006677

AI Filing Summary & Sentiment

File numbers found in text: 333-271270

Date
June 22, 2023
Author
Office of Finance
Form
UPLOAD
Company
Fidelis Insurance Holdings Ltd (FIHL) (CIK 0001636639)

Letter

United States securities and exchange commission logo June 22, 2023 Daniel Burrows Chief Executive Officer Fidelis Insurance Holdings Limited Waterloo House 100 Pitts Bay Road Pembroke Bermuda HM08 Re:Fidelis Insurance Holdings Limited Amendment No. 3 to Registration Statement on Form F-1 Filed June 20, 2023 File No. 333-271270 Dear Daniel Burrows: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our May 16, 2023 letter. Amendment No. 3 to Registration Statement on Form F-1 Use of Proceeds, page 92 1.We note your disclosure that "[a]n increase in the offering price above the midpoint of the estimated offering price range set forth on the cover page of this prospectus will result in [you] selling fewer Common Shares such that [y]our gross proceeds will not exceed $100.0 million." Please tell us how this offering term is consistent with the requirement of Item 501(b)(2) of Regulation S-K to disclose the amount of securities offered. In addition, such disclosure does not appear to be customary. If you believe it is, please

FirstName LastNameDaniel Burrows Comapany NameFidelis Insurance Holdings Limited June 22, 2023 Page 2 FirstName LastName Daniel Burrows Fidelis Insurance Holdings Limited June 22, 2023 Page 2 advise and provide examples. Also tell us where these arrangements or understandings, for decreasing or increasing the number of shares to be sold if you price above or below the midpoint, are written, or advise. We do not see this in the underwriting agreement. Disclose the formula for determining how many shares will be sold depending on how far above or below the midpoint you actually price. Exhibit Index, page II-4 2.Please revise the legend to your Exhibit Index to clearly identify which exhibits contain redactions pursuant to Item 601(b)(10)(iv) of Regulation S-K by using a unique symbol to identify such exhibits. In this regard, we note your disclosure that "**" indicates both exhibits with schedules that have been omitted pursuant to Item 601(a)(5) of Regulation S-K and exhibits with portions that have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. In addition, please revise each exhibit that has redactions to include a prominent statement on the first page of the exhibit that certain identified information has been excluded because it is both not material and the type of information that the registrant treats as private or confidential, and add brackets indicating where the information has been omitted from the filed version of the exhibit. Refer to Item 601(b)(10)(iv) of Regulation S-K. You may contact Ben Phippen at 202-551-3697 or Amit Pande, Accounting Branch Chief, at 202-551-3423 if you have questions regarding comments on the financial statements and related matters. Please contact Sonia Bednarowski at 202-551-3666 or John Dana Brown at 202-551-3859 with any other questions. Sincerely, Division of Corporation Finance Office of Finance

Show Raw Text
United States securities and exchange commission logo
June 22, 2023
Daniel Burrows
Chief Executive Officer
Fidelis Insurance Holdings Limited
Waterloo House
100 Pitts Bay Road
Pembroke
Bermuda HM08
Re:Fidelis Insurance Holdings Limited
Amendment No. 3 to
Registration Statement on Form F-1
Filed June 20, 2023
File No. 333-271270
Dear Daniel Burrows:
            We have reviewed your amended registration statement and have the following
comments.  In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.  Unless we note
otherwise, our references to prior comments are to comments in our May 16, 2023 letter.
Amendment No. 3 to Registration Statement on Form F-1
Use of Proceeds, page 92
1.We note your disclosure that "[a]n increase in the offering price above the midpoint of the
estimated offering price range set forth on the cover page of this prospectus will result in
[you] selling fewer Common Shares such that [y]our gross proceeds will not exceed
$100.0 million."  Please tell us how this offering term is consistent with the requirement
of Item 501(b)(2) of Regulation S-K to disclose the amount of securities offered.  In
addition, such disclosure does not appear to be customary.  If you believe it is, please

 FirstName LastNameDaniel Burrows
 Comapany NameFidelis Insurance Holdings Limited
 June 22, 2023 Page 2
 FirstName LastName
Daniel Burrows
Fidelis Insurance Holdings Limited
June 22, 2023
Page 2
advise and provide examples.  Also tell us where these arrangements or understandings,
for decreasing or increasing the number of shares to be sold if you price above or below
the midpoint, are written, or advise.  We do not see this in the underwriting agreement.
Disclose the formula for determining how many shares will be sold depending on how far
above or below the midpoint you actually price.
Exhibit Index, page II-4
2.Please revise the legend to your Exhibit Index to clearly identify which exhibits contain
redactions pursuant to Item 601(b)(10)(iv) of Regulation S-K by using a unique symbol to
identify such exhibits.  In this regard, we note your disclosure that "**" indicates both
exhibits with schedules that have been omitted pursuant to Item 601(a)(5) of Regulation
S-K and exhibits with portions that have been redacted pursuant to Item 601(b)(10)(iv) of
Regulation S-K.  In addition, please revise each exhibit that has redactions to include a
prominent statement on the first page of the exhibit that certain identified information has
been excluded because it is both not material and the type of information that the
registrant treats as private or confidential, and add brackets indicating where the
information has been omitted from the filed version of the exhibit.  Refer to Item
601(b)(10)(iv) of Regulation S-K.
            You may contact Ben Phippen at 202-551-3697 or Amit Pande, Accounting Branch
Chief, at 202-551-3423 if you have questions regarding comments on the financial statements
and related matters.  Please contact Sonia Bednarowski at 202-551-3666 or John Dana Brown at
202-551-3859 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Finance