Conifer Holdings, Inc. Commences Exchange Offer and New Offering of Senior Unsecured Notes
27 6월 2023 - 12:30AM
Conifer Holdings, Inc. (NASDAQ: CNFR) (“Conifer”
or the “Company”), today announced that it has commenced an offer
to exchange up to $24.4 million aggregate principal amount of its
new 9.75% Senior Unsecured Notes due 2028 for up to all of the
$24.4 million aggregate principal amount of its currently
outstanding 6.75% Senior Unsecured Notes due 2023. The Company is
also offering for cash, on a best efforts basis, up to an
additional $25 million aggregate principal amount of new 9.75%
Senior Unsecured Notes due 2028.
Janney Montgomery Scott and American Capital
Partners, LLC are serving as the dealer managers for the exchange
offer and placement agents for the new offering. The exchange offer
is scheduled to expire at 5:00 p.m., New York City Time, on July
25, 2023 unless extended.
The exchange offer and the new offering are
being made pursuant to registration statements on Form S-4 and Form
S-1, including a prospectus, which has been filed with, and
declared effective by the Securities and Exchange Commission (the
"SEC"). These documents contain important information that should
be read carefully before any decision is made with respect to the
exchange offer or the new offering. This news release shall not
constitute an offer to exchange or sell or the solicitation of an
offer to buy nor shall there be any offer, exchange or sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
With respect to the exchange offer and new
offering, copies of the prospectus and related offer documents can
be obtained free of charge from the information agent:
Alliance Advisors, LLC 200 Broadacres Drive,
Bloomfield, New Jersey 07003 Phone (Toll-Free): 855-737-3176 Email:
CNFRL@allianceadvisors.com.
The prospectus related to the exchange offer and new offering
may also be obtained free of charge at the SEC’s website
(www.sec.gov).
About Conifer Holdings
Conifer Holdings, Inc. is a specialty insurance
holding company, offering customized coverage solutions tailored to
the needs of our insureds nationwide. Conifer is traded on the
Nasdaq Global Market under the symbol “CNFR”. Additional
information is available on the Company’s website at
www.CNFRH.com.
Forward-Looking Statements
This press release contains forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements give current expectations or forecasts of future events
or our future financial or operating performance, and include
Conifer’s expectations regarding the exchange offer and new
offering. The forward-looking statements contained in this press
release are based on management’s good-faith belief and reasonable
judgment based on current information. The forward looking
statements are qualified by important factors, risks and
uncertainties, many of which are beyond our control, that could
cause our actual results to differ materially from those in the
forward looking statements, including those described in our Form
10-K filed with the SEC on March 27, 2023 and subsequent reports
filed with or furnished to the SEC. Any forward looking statement
made by us in this report speaks only as of the date hereof or as
of the date specified herein. We undertake no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by any applicable laws or regulations.
For Further Information:
Jessica Gulis, 248.559.0840
ir@cnfrh.com
Conifer (NASDAQ:CNFRL)
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