Assurant Announces Secondary Public Offering of Common Stock by TPG Capital
Assurant, Inc. (NYSE:AIZ) (the Company or Assurant), a global provider of risk management solutions, today announced 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.
Assurant, Inc. (NYSE:AIZ) (the “Company” or “Assurant”), a global
provider of risk management solutions, today announced 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. 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.
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 [email protected].
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. 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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