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Stock impact report

Assurant Announces Closing of Public Offering of Senior Notes

Assurant, Inc. (AIZ) 
Last assurant, inc. earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE:AIZ) (“Assurant”), a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases, announced the closing of its previously announced public offering of $350 million aggregate principal amount of its 3.700% Senior Notes due 2030 (the “Notes”).The net proceeds from the sale of the Notes were approximately $346.7 million, after deducting the underwriting discounts and the estimated offering expenses payable by Assurant. Assurant intends to use the net proceeds from the offering (and available cash on hand, to the extent necessary) to fund the purchase of up to $100 million aggregate principal amount of the $375.0 million outstanding aggregate principal amount of its 6.750% Notes due 2034 (the “2034 Notes”) pursuant to the previously announced tender offer that Assurant launched on August 15, 2019 (the “Tender Offer”), to redeem all or a portion of the $300.0 million outstanding ag Show less Read more
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