United Insurance Holdings Corp. Announces Closing of $150 Million Senior Notes Offering
The Company intends to use part of the net proceeds from the offering to redeem $30 million aggregate principal amount of its floating rate senior notes due 2026, and the remaining amount for general corporate purposes.
“We’re pleased to close this financing,” said
The Company has filed a shelf registration statement, including a prospectus, with the
This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to purchase any notes and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.
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Statements in this press release that are not historical facts, including those relating to the anticipated use of proceeds from the offering, are “forward-looking statements” that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words such as “may,” “will,” “expect,” "endeavor," "project," “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative variations thereof or comparable terminology are intended to identify forward-looking statements. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the
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