Assurant’s $287.5 Million Series D Mandatory Convertible Preferred Stock Offering

Davis Polk advised Assurant, Inc. in connection with the SEC-registered offering of 2,875,000 shares, or $287.5 million aggregate liquidation preference, of its 6.50% series D mandatory convertible preferred stock, par value $1.00 per share at a public offering price of $100.00 per share.

Assurant, Inc. is a global provider of risk management solutions, protecting where consumers live and the goods they buy. 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, pre-funded funeral insurance, renters insurance, lender-placed homeowners insurance and mortgage valuation and field services. Assurant operates in 16 countries, while its Assurant Foundation works to support and improve communities. The company, led by Alan B Colberg, Richard S Dziadzio and Gene E Mergelmeyer, in 2017 recorded $6.415 Million Revenues.

The Davis Polk corporate team included partners Richard D. Truesdell Jr. (Picture) and Mark M. Mendez, counsel Justin Michael and Barry J. Gewolb and associates Eugene Baek, Mahfouz Basith and Caroline Ceriello. The tax team included partner Rachel D. Kleinberg. Counsel Charles Shi provided ERISA advice. Counsel Sarah E. Kim provided 1940 act advice.

Involved fees earner: Richard Truesdell Jr. – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell; Justin Michael – Davis Polk & Wardwell; Barry Gewolb – Davis Polk & Wardwell; Eugene Baek – Davis Polk & Wardwell; Mahfouz Basith – Davis Polk & Wardwell; Caroline Ceriello – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Assurant, Inc.;

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Author: Ambrogio Visconti