Key Developments: Primerica Inc (PRI)
34.60USD
20 May 2013
$0.06 (+0.17%)
$34.54
$34.38
$34.67
$34.38
52,446
316,737
$35.39
$23.28
Latest Key Developments (Source: Significant Developments)
Primerica Inc Declares $0.11 Quarterly Dividend
Primerica Inc approved payment of a quarterly dividend of $0.11 per share for the first quarter of 2013. The dividend will be payable on June 10, 2013, to stockholders of record as of May 24, 2013. Full Article
Primerica Inc Declares $0.11 Quarterly Dividend
Primerica Inc announced that it approved payment of a quarterly dividend of $0.11 per share for the fourth quarter of 2012. The dividend will be payable on March 8, 2013, to stockholders of record as of February 22, 2013. Full Article
Warburg Pincus Prices Offering Of Shares Of Primerica Inc
Primerica Inc announced that Warburg Pincus, LLC has agreed to sell 3,600,000 shares of Primerica’s common stock in an underwritten public offering. Closing of the offering is expected to occur during the week of November 26, 2012. Immediately following completion of the offering, Warburg Pincus will beneficially own approximately 15% of Primerica's outstanding common stock. All of the shares are being sold by Warburg Pincus, and Warburg Pincus will receive all of the net proceeds from the offering. Citigroup is acting as book-running manager for the offering. Primerica intends to purchase 1,200,000 shares of its common stock in the offering. Full Article
Primerica Inc Declares Quarterly Dividend
Primerica Inc announced that it has approved payment of a quarterly dividend of $0.09 per share for the third quarter of 2012. The dividend will be payable on December 10, 2012, to stockholders of record as of November 23, 2012. Full Article
Primerica Inc Announces Repurchase of $60 Million Of Shares Held By Warburg Pincus Private Equity X, L.P. And Warburg Pincus X Partners, L.P
Primerica Inc announced that it has entered into an agreement to repurchase 2,087,682 shares of Primerica common stock beneficially owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P. at a purchase price of $28.74 per share. The purchase price was determined based on the closing price of Primerica common stock on October 3, 2012. Following the repurchase transaction, Warburg Pincus will own approximately 15.0% of Primerica’s outstanding common stock and approximately 20.7% taking into account Warburg Pincus’ warrants to purchase Primerica common stock. This capital deployment completes the $75 million repurchase program Primerica began executing in the third quarter of 2012. Primerica repurchased 488,214 shares of common stock for $14.3 million through an open market purchase program prior to this transaction. Full Article
Primerica Inc Declares $0.07 Quarterly Dividend
Primerica Inc announced that it approved payment of a quarterly dividend of $0.07 per share for the second quarter of 2012. The dividend will be payable on September 10, 2012, to stockholders of record as of August 24, 2012. Full Article
Primerica Inc Announces $75 Million Stock Repurchase Program
Primerica Inc announced that its Board of Directors has authorized a share repurchase program of up to $75 million of its common stock. The Company expects any repurchases under the program to commence on or about August 10, 2012 and to occur over the following four to six months. Full Article
Primerica Inc Prices Offering Of $375 Million Of 4.750% Senior Notes Due 2022
Primerica, Inc. announced that it has priced a public offering of $375 million in aggregate principal amount of Senior Notes due 2022. The notes will bear an annual interest rate of 4.750%. Interest will be paid semi-annually on the 15th day of January and July beginning on January 15, 2013. The proceeds of the offering will be used to repay Primerica’s $300 million note payable to a subsidiary of Citigroup Inc. and for general corporate purposes, which may include share repurchases. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC will serve as joint book-running managers for the offering. Full Article
Primerica Inc Declares $0.05 Quarterly Dividend
Primerica Inc announced that it approved payment of a quarterly dividend of $0.05 for the first quarter of 2012. The dividend will be payable on June 8, 2012, to stockholders of record as of May 29, 2012. Quarterly dividend increased from $0.03 paid in the prior quarter. Full Article
Primerica Inc Announces Repurchase Of $150 Million Of Shares Held By Warburg Pincus
Primerica Inc announced that it has entered into an agreement to repurchase 5,736,137 shares of Primerica common stock beneficially owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P. at a purchase price of $26.15 per share. The purchase price was determined based on the closing price of Primerica common stock on April 17, 2012. Following the repurchase transaction, Warburg will own approximately 17.9% of Primerica’s outstanding common stock on a primary basis and approximately 23.2% including the warrants to purchase Primerica common stock currently held by Warburg Pincus. Full Article
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