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Warburg Pincus to sell shares of Primerica

Wed, 13/02/2013 - 06:13

Warburg Pincus has agreed to sell 2,500,000 shares of Primerica’s common stock in an underwritten public offering.

Closing of the offering is expected to occur on 15 February 2013, subject to customary closing conditions.

Immediately following completion of the offering, Warburg Pincus will beneficially own approximately 4.4 per cent of Primerica’s outstanding common stock (or approximately 10.9 per cent of Primerica’s outstanding common stock, including shares issuable pursuant to warrants).

All of the shares are being sold by Warburg Pincus, and Warburg Pincus will receive all of the net proceeds from the offering. Citigroup is acting as book-running manager for the offering.

The offering is being made pursuant to Primerica’s existing effective shelf registration statement that was previously filed with the Securities and Exchange Commission. The offering of these securities is being made only by means of a prospectus and a related prospectus supplement.

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