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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 lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced the closing of a public offering of $350.0 million aggregate principal amount of its 2.650% Senior Notes due 2032 (the “Notes”).The net proceeds from the sale of the Notes will be approximately $346.2 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 all of the $350.0 million outstanding principal amount of its 4.00% 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 Show less Read more
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