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Allstate to price offering of fixed-rate senior notes in two parts
By Devika Patel
Knoxville, Tenn., Nov. 19 – Allstate Corp. intends to offer fixed-rate senior notes in two parts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Loop Capital Markets LLC, Academy Securities Inc., Samuel A. Ramirez & Co. Inc. and Siebert Williams Shank & Co. LLC are the bookrunners. AmeriVet Securities Inc., Cabrera Capital Markets LLC, C.L. King & Associates Inc., Penserra Securities LLC and R. Seelaus & Co. Inc. are the co-managers.
Proceeds will be used, with cash on hand, for the company’s planned acquisition of National General Holdings Corp. and for general corporate purposes.
Allstate is a Northbrook, Ill.-based insurance company.
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