Assurant, Inc. Extends Exchange Offer Deadline for 5.625% Senior Notes Due 2014 and 6.750% Senior Notes due 2034 to June 15, 200
June 10 2004 - 6:29PM
PR Newswire (US)
Assurant, Inc. Extends Exchange Offer Deadline for 5.625% Senior
Notes Due 2014 and 6.750% Senior Notes due 2034 to June 15, 2004
NEW YORK, June 10 /PRNewswire-FirstCall/ -- Assurant, Inc.
("Assurant") (NYSE:AIZ) today announced that it has extended the
expiration of its exchange offer from 5:00 p.m. (Eastern Daylight
Time) on Monday, June 14, 2004 to 5:00 p.m. (Eastern Daylight Time)
on Tuesday, June 15, 2004. Pursuant to the exchange offer,
Assurant's 5.625% Senior Notes due 2014 and 6.750% Senior Notes due
2034, which have been registered under the Securities Act of 1933,
as amended (the "new notes"), are offered for exchange for the $500
million of outstanding 5.625% Senior Notes due 2014 (the "2014
notes") and the $475 million of outstanding 6.750% Senior Notes due
2034 (the "2034 notes" and, together with the 2014 notes, the "old
notes"), which were issued on February 18, 2004 in a transaction
exempt from registration under the Securities Act of 1933, as
amended. The exchange offer has been extended due to the
declaration of June 11, 2004 as a Federal holiday in memory of
President Ronald Reagan in order to allow the exchange offer to
remain open for the required period of 20 business days. As of
12:00 noon (Eastern Daylight Time) on June 10, 2004, approximately
$168 million in aggregate principal amount of the 2014 notes (or
approximately 34% of the 2014 notes) and approximately $239 million
in aggregate principal amount of the 2034 notes (or approximately
50% of the 2034 notes) had been tendered pursuant to the exchange
offer. Except for the extension of the expiration date, all other
terms, conditions and provisions of the exchange offer remain
effective as of the date hereof. Questions concerning the delivery
of appropriate documentation and the old notes should be directed
to the exchange agent, SunTrust Bank, attention B.A. Donaldson,
Corporate Trust Department, at (404) 588-7266. The old notes have
not been registered under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of, these securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state. The
exchange offer is subject to all terms and conditions set forth in
the Prospectus dated May 13, 2004. About Assurant Assurant is a
premier provider of specialized insurance products and related
services in North America and selected other markets. The four key
business units - Assurant Employee Benefits; Assurant Health;
Assurant Preneed; and Assurant Solutions - have partnered with
clients who are leaders in their industries and have built
leadership positions in a number of specialty insurance market
segments in the U.S. and selected international markets. The
Assurant business units provide creditor-placed homeowners
insurance; manufactured housing homeowners insurance; debt
protection administration; credit insurance; warranties and
extended services contracts; individual health and small employer
group health insurance; group dental insurance; group disability
insurance; group life insurance; and pre-funded funeral insurance.
The company, which is traded on the New York Stock Exchange under
the symbol AIZ, has approximately $24 billion in assets and $7
billion in annual revenue. Assurant has more than 12,000 employees
and is headquartered in New York's financial district. DATASOURCE:
Assurant, Inc. CONTACT: Investor Relations - Larry Cains of
Assurant, +1-212-859-7045, or , Media - Carina Thate, , or Jason
Thompson, , both of Abernathy MacGregor Group, +1-212-371-5999, for
Assurant; or Melissa Kivett of Assurant, +1-212-859-7029,
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