Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
10 Junho 2021 - 5:44PM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration No. 333-252343
June 10, 2021
Assurant, Inc.
$350,000,000 2.650% SENIOR NOTES DUE 2032
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Issuer:
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Assurant, Inc.
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Expected Ratings/Outlook*:
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Baa3 (Stable) (Moodys) / BBB (Stable) (S&P)
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Securities:
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2.650% Senior Notes due 2032 (the Senior Notes)
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Format:
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SEC Registered
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Trade Date:
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June 10, 2021
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Settlement Date:
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June 14, 2021 (T+2)
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Maturity Date:
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January 15, 2032
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Aggregate Principal Amount:
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$350,000,000
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Price to Public:
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99.842% of the principal amount
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Underwriting Discount:
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0.650%
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Net Proceeds (before expenses) to Issuer:
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$347,172,000
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Benchmark Treasury:
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1.625% due May 31, 2031
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Benchmark Treasury Yield:
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1.467%
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Spread to Benchmark Treasury:
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+120 basis points
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Yield to Maturity:
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2.667%
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Coupon:
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2.650%
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Interest Payment Dates:
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Semi-annually on each January 15 and July 15 of each year, commencing on January 15, 2022
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Make-Whole Call:
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At any time before October 15, 2031 (the date that is three months before the maturity date), at the greater of: (i) 100% of the principal amount of the Senior Notes being redeemed, plus accrued and unpaid interest; and
(ii) the sum of the present values of the principal amount of such Senior Notes and the scheduled payments of interest thereon (not including any portion of such payments of interest accrued as of
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the date of redemption) from the date of redemption to October 15, 2031 (the date that is three months before the maturity date), in each case discounted to the date of redemption on a semi-annual basis at the rate of Treasury
plus 20 basis points.
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Par Call:
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At any time on or after October 15, 2031 (the date that is three months before the maturity date), at 100% of the principal amount of the Senior Notes being redeemed.
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Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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Day Count Convention:
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30/360
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Payment Business Days:
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New York
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CUSIP / ISIN Number:
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04621XAN8 / US04621XAN84
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
Wells Fargo Securities, LLC
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Co-Managers:
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U.S. Bancorp Investments, Inc.
BMO Capital
Markets Corp.
KeyBanc Capital Markets Inc.
Scotia Capital
(USA) Inc.
Barclays Capital Inc.
Goldman Sachs & Co.
LLC
HSBC Securities (USA) Inc.
Lloyds Securities Inc.
Morgan Stanley & Co. LLC
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*
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to
revision, suspension or withdrawal at any time. Each security rating should be evaluated independently of any other security rating.
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The issuer has filed a registration statement, including a prospectus, and a preliminary prospectus supplement with the Securities and
Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer
has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Book-Running Managers will arrange to send you the
prospectus if you request it by contacting J.P. Morgan Securities LLC at 1-212-834-4533 and Wells Fargo Securities, LLC at 1-800-645-3751.
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