Assurant Announces Pricing of Secondary Public Offering of Common Stock by TPG Capital
March 19 2019 - 6:45AM
Business Wire
Assurant, Inc. (NYSE:AIZ) (the “Company” or “Assurant”), a
global provider of risk management solutions, today announced the
pricing of an underwritten secondary public offering of all of the
remaining 7,869,230 shares of its common stock held by certain
affiliates of TPG Global, LLC, at $98.70 per share. These shares
were originally part of the 10,069,230 shares issued to certain
affiliates of TPG Global, LLC for the purchase of The Warranty
Group in May 2018. Assurant will not sell any shares in the
offering and will not receive any proceeds from the offering. The
offering is expected to close on March 21, 2019, subject to
customary closing conditions.
Goldman Sachs & Co. LLC is acting as the underwriter for the
offering.
A shelf registration statement on Form S-3, including a
prospectus relating to the Company’s common stock, was filed
previously with the U.S. Securities and Exchange Commission (the
“SEC”) and has become effective. The offering and sale of these
shares of common stock are being made only by means of a prospectus
and an accompanying prospectus supplement related to the offering.
You can get copies of these documents for free by visiting EDGAR at
the SEC website at www.sec.gov. Alternatively, copies of the
prospectus and prospectus supplement, when available, may be
obtained by contacting Goldman Sachs & Co. LLC, Prospectus
Department, 200 West Street, New York, NY 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com.
This news release is neither an offer to sell nor a solicitation
of an offer to buy these shares of common stock, 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 global provider of risk management solutions,
protecting where consumers live and the goods they buy. A Fortune
500 company, Assurant focuses on the housing and lifestyle markets,
and is among the market leaders in mobile device protection and
related services; extended service contracts; vehicle protection
products; pre-funded funeral insurance; renters insurance; and
lender-placed homeowners insurance. Assurant has a market presence
in 21 countries, while its Assurant Foundation works to support and
improve communities.
Safe Harbor Statement
Some of the statements included in this news release may
constitute forward-looking statements within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995, including,
but not limited to, the expected closing date. Forward-looking
statements are based on management’s best estimates, assumptions
and projections and are subject to significant uncertainties,
including the closing of the offering. Actual results may differ
materially from those projected in the forward-looking statements.
The Company undertakes no obligation to update or review any
forward-looking statements in this news release, whether as a
result of new information, future events or other developments. For
a detailed discussion of the risk factors that could affect the
Company’s actual results, please refer to the risk factors
identified in the Company’s SEC reports, including, but not limited
to, the Company’s Annual Report on Form 10-K, as filed with the
SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20190319005306/en/
Media:Linda RecuperoSenior Vice President, Global
Communication212.859.7005linda.recupero@assurant.com
Investor Relations:Suzanne ShepherdSenior Vice President,
Investor Relations212.859.7062suzanne.shepherd@assurant.com
Sean MoshierDirector, Investor
Relations212.859.5831sean.moshier@assurant.com
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