Assurant closes $175M offering of 6.100% senior notes due 2026, redeems 2023 notes

ASSURANT, INC.

Issued $175.0M aggregate principal of 6.100% Senior Notes due Feb 27, 2026; net proceeds ~$173.1M.
Proceeds used to redeem $175M of outstanding 4.200% Senior Notes due 2023 (redemption date Mar 13, 2023).
Interest payable semi-annually Feb 27 and Aug 27; first payment Aug 27, 2023.
Notes are senior unsecured, rank equally with other senior unsecured debt; callable at Treasury rate + 25 bps before Jan 27, 2026.
J.P. Morgan and Wells Fargo acted as joint book-running managers; offering registered under shelf statement.

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