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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Horace Mann Educators Corporation | NYSE:HMN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.10 | 0 | 12:00:00 |
Issuer:
|
Horace Mann Educators Corporation
|
Title of Securities:
|
7.250% Senior Notes due 2028
|
Security Types:
|
Senior Unsecured Notes
|
Legal Format:
|
SEC Registered
|
Expected Ratings:*
|
Moody’s: Baa2 (negative) / S&P: BBB (stable) / Fitch: BBB (stable)
|
Principal Amount:
|
$300,000,000
|
Trade Date:
|
September 12, 2023
|
Settlement Date:
|
September 15, 2023 (T+3)**
|
Interest Payment Dates:
|
Semi-annually in arrears on each March 15 and September 15, commencing March 15, 2024
|
Maturity Date:
|
September 15, 2028
|
Public Offering Price:
|
99.839% of the principal amount, plus accrued and unpaid interest, if any, from September 15, 2023
|
Coupon:
|
7.250%
|
Benchmark Treasury:
|
4.375% due August 31, 2028
|
Benchmark Treasury Price / Yield:
|
99-26+ / 4.414%
|
Re-offer Spread to Benchmark Treasury:
|
+ 287.5 bps
|
Yield-to-Maturity:
|
7.289%
|
Net Proceeds to Issuer (before expenses):
|
$297,717,000
|
Optional Redemption |
|
Make Whole Call:
|
Prior to August 15, 2028 (the date that is one month prior to the maturity date), T + 45 bps
|
Par Call:
|
On or after August 15, 2028 (the date that is one month prior to the maturity date)
|
CUSIP / ISIN:
|
440327AL8 / US440327AL82
|
Denominations / Multiple:
|
Minimum of $2,000 and integral multiples of $1,000 in excess thereof
|
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC
PNC Capital Markets LLC
|
Co-Managers:
|
KeyBanc Capital Markets Inc.
Citizens JMP Securities, LLC
Piper Sandler & Co.
U.S. Bancorp Investments, Inc.
|
1 Year Horace Mann Educators Chart |
1 Month Horace Mann Educators Chart |
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