Assurant Announces Closing of Public Offering of Senior Notes
28 Februar 2023 - 10:15PM
Business Wire
Assurant, Inc. (NYSE: AIZ) (“Assurant”), a leading global
business services company that supports, protects and connects
major consumer purchases, today announced the closing of a public
offering of $175.0 million aggregate principal amount of its 6.100%
Senior Notes due 2026 (the “Notes”).
The net proceeds from the sale of the Notes will be
approximately $173.1 million, after deducting underwriting
discounts and commissions and estimated offering expenses payable
by Assurant. Assurant intends to use the net proceeds from the
offering (and available cash on hand) to redeem $175.0 million of
the $225.0 million outstanding aggregate principal amount of its
4.200% Senior Notes due 2023 (the “2023 Notes”) and to pay related
premiums, fees and expenses. This press release does not constitute
a notice of redemption with respect to the 2023 Notes.
The offering of the Notes was registered under the Securities
Act of 1933, as amended. J.P. Morgan Securities LLC and Wells Fargo
Securities, LLC acted as joint book-running managers for the
offering.
An effective shelf registration statement, under which the Notes
were issued, was filed previously with the U.S. Securities and
Exchange Commission. The offering and sale of the Notes was made
only by means of a prospectus and an accompanying prospectus
supplement related to the offering. You can get copies of these
documents for free by visiting EDGAR at the SEC website at
www.sec.gov. Alternatively, copies of the prospectus and prospectus
supplement may be obtained by contacting J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, Attention: Prospectus
Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by
telephone: 1-866-803-9204; and Wells Fargo Securities, LLC, 608 2nd
Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS
Customer Service, or by email: wfscustomerservice@wellsfargo.com or
by telephone: 1-800-645-3751.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the Notes, nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global business services
company that supports, protects and connects major consumer
purchases. A Fortune 500 company with a presence in 21 countries,
Assurant supports the advancement of the connected world by
partnering with the world’s leading brands to develop innovative
solutions and to deliver an enhanced customer experience through
mobile device solutions, extended service contracts, vehicle
protection services, renters insurance, lender-placed insurance
products and other specialty products.
Learn more at assurant.com or on Twitter @Assurant.
Cautionary Statement
Some of the statements in this press release may constitute
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Any forward-looking
statements contained in this press release are based upon our
historical performance and on current plans, estimates and
expectations. The inclusion of this forward-looking information
should not be regarded as a representation by us or any other
person that our future plans, estimates or expectations will be
achieved. Our actual results might differ materially from those
projected in the forward-looking statements. We undertake no
obligation to update or review any forward-looking statement,
whether as a result of new information, future events or other
developments. For information on factors that could affect our
actual results, please refer to the factors identified in the
reports we file with the U.S. Securities and Exchange Commission,
including the risk factors identified in our most recent Annual
Report on Form 10-K.
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version on businesswire.com: https://www.businesswire.com/news/home/20230228005275/en/
Media: Linda Recupero Senior Vice President, Global
Enterprise Communications Phone: 201.519.9773
linda.recupero@assurant.com
Stacie Sherer Vice President, Corporate Communications
Phone: 917.420.0980 stacie.sherer@assurant.com
Investor Relations: Suzanne Shepherd Senior Vice
President, Investor Relations and Sustainability Phone:
201.788.4324 suzanne.shepherd@assurant.com
Sean Moshier Vice President, Investor Relations Phone:
914.204.2253 sean.moshier@assurant.com
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