Assurant to sell fixed-rate senior notes to redeem 4% notes due 2023

By Devika Patel

Knoxville, Tenn., June 10 – Assurant Inc. intends to price fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used, with cash on hand, to redeem all or a portion of the company’s $350 million 4% senior notes due 2023.

Assurant is a New York-based provider of risk management products and services.

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