Market Overview

Warburg Pincus to Sell Shares of Primerica

Primerica (NYSE: PRI) announced today that Warburg Pincus LLC has
agreed to sell 2,500,000 shares of Primerica's common stock in an
underwritten public offering. Closing of the offering is expected to
occur on February 15, 2013, subject to customary closing conditions.
Immediately following completion of the offering, Warburg Pincus will
beneficially own approximately 4.4% of Primerica's outstanding common
stock (or approximately 10.9% of Primerica's outstanding common stock,
including shares issuable pursuant to warrants). All of the shares are
being sold by Warburg Pincus, and Warburg Pincus will receive all of the
net proceeds from the offering. Citigroup is acting as book-running
manager for the offering.

The offering is being made pursuant to Primerica's existing effective

See full press release

Posted-In: News Guidance Management

 

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