Assurant, Inc. Announces Closing of $700 Million Senior Notes

Thu Mar 28, 2013 4:30pm EDT

* Reuters is not responsible for the content in this press release.

NEW YORK--(Business Wire)--
Assurant, Inc., a provider of specialty insurance and insurance-related products
and services, announced the closing of its previously announced public offering
of $350 million in aggregate principal amount of its 2.50% senior notes due 2018
and $350 million in aggregate principal amount of its 4.00% senior notes due
2023 (together, the "Senior Notes"). 

Assurant estimates that the net proceeds from the sale of the Senior Notes will
be approximately $693 million, after deducting the underwriting discounts and
the estimated offering expenses payable by the company. Assurant intends to use
the net proceeds of the Senior Notes offering for general corporate purposes,
including to repay $500 million of debt due in 2014. 

The offering of the Senior Notes was registered under the Securities Act of
1933, as amended. BofA Merrill Lynch and J.P. Morgan Securities LLC acted as
joint book-running managers for the offering. 

This news release is neither an offer to sell nor a solicitation of an offer to
buy Senior 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 is a provider of specialized insurance products and related services in
North America and select worldwide markets. The company conducts its business
through four operating segments-Assurant Solutions, Assurant Specialty Property,
Assurant Health and Assurant Employee Benefits-and provides debt protection
administration; credit-related insurance; warranties and service contracts;
pre-funded funeral insurance; solar project insurance; lender-placed homeowners
insurance; renters insurance and related products; manufactured housing
homeowners insurance; individual health and small employer group health
insurance; group dental insurance; group disability insurance; and group life
insurance. Assurant is headquartered in New York`s financial district.

Assurant, Inc.
Vera Carley, 212-859-7002
Director, Media Relations and Financial Communications
Investor Relations:
Francesca Luthi, 212-859-7197
Senior Vice President, Investor Relations
Suzanne Shepherd, 212-859-7062
Director, Investor Relations

Copyright Business Wire 2013

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.