Horace Mann Educators Corporation has just announced the pricing of its offering of $300,000,000 aggregate principal amount of 4.700% senior notes due 2030. This offering is expected to close on September 26, 2025, subject to the satisfaction of various customary closing conditions. The company plans to use the net proceeds from the issuance of the notes for general corporate purposes, including the repayment of the company’s 4.50% senior notes due 2025.
PNC Capital Markets LLC, BMO Capital Markets Corp., and J.P. Morgan Securities LLC acted as joint book-running managers for this offering.
As of the latest announcement, Horace Mann Educators Corporation is the largest multiline financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. It was founded by educators for educators in 1945 and is headquartered in Springfield, Illinois.
The company's effective shelf registration statement on Form S-3 (file no. 333-277784) covers the issuance of the notes. The company’s filings with the SEC can be viewed at no charge at the SEC’s website at www.sec.gov.
The offering of the senior notes due 2030 is a significant move for Horace Mann Educators Corporation as it seeks to address its financial obligations and pursue its strategic objectives. As a result of these announcements, the company's shares have moved 0.93% on the market, and are now trading at a price of $45.80. If you want to know more, read the company's complete 8-K report here.
