Company: AXS-PE
Filing Date: 2025-11-04
Form Type: S-3ASR
Source: 0001104659-25-106379
Chunk: 50

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-11-04
Form: S-3ASR
Chunk 50
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 debt securities to receive payment of principal and interest prior to payments to the holders of junior subordinated

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TABLE OF CONTENTS

indebtedness include insolvency, bankruptcy, liquidation, dissolution, receivership, reorganization or an event of default under the AXIS Finance senior debt indenture or the AXIS Finance subordinated debt indenture, as applicable.

AXIS Finance may issue the senior debt securities pursuant to the AXIS Finance senior debt indenture in one or more series. All series of senior debt securities issued under the AXIS Finance senior debt indenture will be equal in ranking. The senior debt securities also will rank equally with all of AXIS Finance’s other unsecured indebtedness, other than unsecured indebtedness expressly designated by the holders thereof to be subordinate to its senior debt securities.

AXIS Finance may issue the subordinated debt securities pursuant to the AXIS Finance subordinated debt indenture in one or more series. All series of subordinated debt securities issued under the AXIS Finance subordinated debt indenture will be equal in ranking. The debt securities issued under the AXIS Finance subordinated debt indenture will be subordinate in right of payment in respect of principal, any premium or interest owing under the subordinated debt securities to all of AXIS Finance’s senior indebtedness in the manner described below under the caption “— Subordination Under the AXIS Finance Subordinated Debt Indenture.”

AXIS Finance may issue the junior subordinated debt securities pursuant to the AXIS Finance junior subordinated debt indenture in one or more series. All series of junior subordinated debt securities issued under the AXIS Finance junior subordinated debt indenture will be equal in ranking. The debt securities issued under the AXIS Finance junior subordinated debt indenture will be subordinate in right of payment in respect of principal and any premium or interest owing under the junior subordinated debt securities to all of AXIS Finance’s senior indebtedness and subordinated indebtedness in the manner described below under the caption “— Subordination Under the AXIS Finance Junior Subordinated Debt Indenture.”

AXIS Finance is a finance subsidiary with no operations or assets other than in such capacity, and AXIS Capital is a holding company and has no direct operations. Accordingly, the credit character of the AXIS Finance debt securities is comparable to debt issued by a holding company. The ability of AXIS Finance and AXIS Capital to make payments on the debt securities and the guarantee depends almost exclusively on the ability of AXIS Capital’s subsidiaries to pay dividends and make intercompany transfers. The notes will be effectively subordinated to the obligations