The Guardian Life Insurance Company Of America Announces Expiration Of And Results For Previously Announced Private Exchange Offer Of Its Outstanding 7.375% Surplus Notes Due 2039
As of the previously announced Expiration Time of midnight,
Holders of Existing Notes participating in the Exchange Offer after the Early Exchange Time, but at or prior to the Expiration Time will also receive an interest cash payment for each
Guardian expects to accept for exchange all Existing Notes that were validly tendered and not validly withdrawn in the Exchange Offer.
The Exchange Offer was made solely to Eligible Holders upon the terms and subject to the conditions set forth in the confidential offering memorandum, as amended (the "Offering Memorandum"), and the related letter of transmittal (the "Letter of Transmittal"), each dated
The Exchange Offer was made only (a)Ā in
Guardian will treat the issue price of the New 2077 Surplus Notes for
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities.Ā The Exchange Offer is being made and the New 2077 Surplus Notes are being offered only to "qualified institutional buyers" and holders that are not "
About Guardian
Financial information concerning
Forward-Looking Statements
This press release may contain "forward-looking statements."Ā These forward-looking statements include, but are not limited to, the satisfaction of the conditions to the Exchange Offer and the completion of the proposed Exchange Offer.Ā Forward-looking statements include, but are not limited to, statements that represent Guardian's beliefs concerning future operations, strategies, financial results or other developments, and contain words and phrases such as "may," "expects," "should" or similar expressions. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond Guardian's control or are subject to change, actual results could be materially different and Guardian's results of operations, its financial condition and its liquidity could be adversely affected. Consequently, such forward-looking statements should be regarded solely as Guardian's current plans, estimates and beliefs. Guardian does not intend, and does not undertake, any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
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