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Published on 3/6/2018 in the Prospect News Convertibles Daily.

Convertibles Calendar: Assurant to price

March 7

ASSURANT INC.

• $250 million three-year mandatory convertible preferred stock

• $37.5 million over-allotment option

• Price talk for a dividend of 6.25% to 6.75% and an initial conversion premium of 17.5% to 22.5%

• Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC

• Proceeds will be used to help fund the pending acquisition of TWG Holdings Ltd. and refinance its 2.5% senior notes due 2018

• New York-based provider of risk management products and services


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