Kemper readies sale of senior notes through four bookrunners

Chicago, Feb. 15 – Kemper Corp. is offering fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have an optional make-whole redemption followed by an optional par call.

BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are working as bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Skadden, Arps, Slate, Meagher & Flom LLP is working as counsel for Kemper.

Proceeds will be used to redeem the $275 million outstanding 5% notes due 2022 issued by Infinity Property and Casualty Corp. The notes will be redeemed with a make-whole premium of Treasuries plus 50 basis points. Any remaining proceeds will be used for general corporate purposes.

Kemper is an insurance holding company based in Chicago.

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