Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, in connection with a public offering by Assurant, Inc. of $350 million aggregate principal amount of its 3.7% Senior Notes due 2030. The offering closed on August 22, 2019.
The Firm also represented Wells Fargo Securities, LLC and J.P. Morgan Securities LLC as dealer managers in connection with a concurrent cash tender offer whereby Assurant, Inc. offered to purchase up to $100 million of its outstanding 6.75% Senior Notes due 2034. The tender offer settled on August 30, 2019.
Assurant is a leading global provider of housing and lifestyle 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 and lender-placed homeowners insurance.
The Simpson Thacher team for this transaction included Joseph Kaufman, Matthew Levy and Kirsten Harmon (Capital Markets); Jeanne Annarumma and Nathan Utterback (Executive Compensation and Employee Benefits); Jonathan Cantor and Morgan Otway (Tax); Andrew Pagliughi (Blue Sky and FINRA); and Steve DeLott (Insurance).