debt
confidence high
sentiment neutral
materiality 0.35
Assurant closes $300M offering of 5.55% Senior Notes due 2036; plans to redeem $175M 2026 notes
ASSURANT, INC.
- Issued $300M aggregate principal of 5.55% Senior Notes due 2036; net proceeds ~$296M
- Proceeds to redeem all $175M of 6.10% Senior Notes due 2026, plus premiums, fees and general corporate purposes
- Redemption notice for 2026 notes issued Aug 15, 2025; redemption date Aug 25, 2025
- Joint book-running managers: Barclays Capital Inc. and Goldman Sachs & Co. LLC