Assurant's $250 Million Subordinated Notes Offering

Assurant's $250 Million Subordinated Notes Offering

11/24/2020

Assurant's $250 Million Subordinated Notes Offering

Simpson Thacher represented the underwriters in the transaction.

Assurant, Inc. executed a public offering of $250 million aggregate principal amount of its 5.25% Subordinated Notes due 2061. The offering closed on November 19, 2020.

Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., KeyBanc Capital Markets Inc., Lloyds Securities Inc., Scotia Capital (USA) Inc., and U.S. Bancorp Investments, Inc. acted as underwriters for the offering.

Assurant is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; pre-funded funeral insurance; renters insurance; lender-placed insurance products; and other specialty products.

The Simpson Thacher team advising the underwriters included Joseph Kaufman (Picture) and Kirsten Harmon (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); Jonathan Cantor and Morgan Otway (Tax); Andrew Pagliughi (Blue Sky and FINRA); and Steve DeLott (Insurance).

Clients

Barclays Capital
BMO Capital Markets
Goldman Sachs & Co.
HSBC Securities
J.P. Morgan Securities LLC
KeyBanc Capital Markets
Lloyds Securities
Morgan Stanley
Scotia Capital Inc.
U.S. Bancorp Investments
Wells Fargo Securities
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