Assurant's $250 Million Subordinated Notes Offering
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).
Jonathan Cantor - Simpson Thacher & Bartlett
Steven DeLott - Simpson Thacher & Bartlett
Kirsten Harmon - Simpson Thacher & Bartlett
Joseph Kaufman - Simpson Thacher & Bartlett
Morgan Otway - Simpson Thacher & Bartlett
Andrew Pagliughi - Simpson Thacher & Bartlett
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