CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE: UNM) announced today that it has completed an offering
of senior notes. A total of $250 million aggregate principal amount of
30-year senior notes was issued today with an annual coupon rate of 5.75
percent. The net proceeds are expected to be used for general corporate
purposes.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital
Inc. and Deutsche Bank Securities Inc. were joint book-running managers.
A prospectus supplement, dated Aug. 20, 2012, and the accompanying base
prospectus, dated Nov. 10, 2011, relating to the senior notes may be
obtained by searching the company’s filings on the U.S. Securities and
Exchange Commission’s (SEC’s) website at www.sec.gov
or by visiting the “SEC Filings” page on the Investors section of the
company’s website at www.investors.unum.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or sale of
the senior notes in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification
under the securities laws of any jurisdiction. Any offer, solicitation
or sale will be made only by means of the prospectus supplement and the
accompanying base prospectus.
ABOUT UNUM GROUP
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services and the largest provider of disability insurance products in
the United States and the United Kingdom.
SAFE HARBOR STATEMENT
Certain information in this press release constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are those not based on
historical information, but rather relate to future operations,
strategies, financial results, or other developments and speak only as
of the date made. These forward-looking statements are subject to
numerous assumptions, risks, and uncertainties, many of which are beyond
our control. The following factors, in addition to other factors
mentioned from time to time, may cause actual results to differ
materially from those contemplated by the forward-looking statements:
(1) unfavorable economic or business conditions, both domestic and
foreign; (2) legislative, regulatory, or tax changes, both domestic and
foreign, including the effect of potential legislation and increased
regulation in the current political environment; (3) sustained periods
of low interest rates; (4) changes in claim incidence, recovery rates,
mortality rates, and offsets due to, among other factors, the rate of
unemployment and consumer confidence, the emergence of new diseases,
epidemics, or pandemics, new trends and developments in medical
treatments, the effectiveness of claims management operations, and
changes in government programs; (5) fluctuation in insurance reserve
liabilities; (6) investment results, including, but not limited to,
realized investment losses resulting from defaults, contractual terms of
derivative contracts, and impairments that differ from our assumptions
and historical experience; (7) the lack of appropriate investments in
the market which can be acquired to match our liability cash flows and
duration; (8) changes in interest rates, credit spreads, and securities
prices; (9) increased competition from other insurers and financial
services companies due to industry consolidation or other factors; (10)
changes in demand for our products due to, among other factors, changes
in societal attitudes, the rate of unemployment, and consumer
confidence; (11) changes in accounting standards, practices, or
policies; (12) changes in our financial strength and credit ratings;
(13) rating agency actions, state insurance department market conduct
examinations and other inquiries, other governmental investigations and
actions, and negative media attention; (14) effectiveness in managing
our operating risks and the implementation of operational improvements
and strategic growth initiatives; (15) actual experience that deviates
from our assumptions used in pricing, underwriting, and reserving; (16)
actual persistency and/or sales growth that is higher or lower than
projected; (17) effectiveness of our risk management program; (18) the
level and results of litigation; (19) currency exchange rates; (20)
ability of our subsidiaries to pay dividends as a result of regulatory
restrictions or changes in reserving or capital requirements; (21)
ability and willingness of reinsurers to meet their obligations; (22)
changes in assumptions related to intangible assets such as deferred
acquisition costs, value of business acquired, and goodwill; (23)
ability to recover our systems and information in the event of a
disaster or unanticipated event and to protect our systems and
information from unauthorized access and deliberate attacks; and (24)
events or consequences relating to political instability, terrorism, or
acts of war, both domestic and foreign.
For further discussion about risks and uncertainties which could cause
actual results to differ from those contained in the forward-looking
statements, see Part I, Item 1A of our annual report on Form 10-K for
the year ended December 31, 2011 and our subsequently filed Forms 10-Q.
The forward-looking statements in this press release are being made as
of the date of this press release, and the Company expressly disclaims
any obligation to update or revise any forward-looking statement
contained herein, even if made available on our website or otherwise.
Unum Group
Investors:
Tom White, 423-294-8996
or
Rob
Lockerman, 423-294-7498
or
Media:
Jim Sabourin,
423-294-6043
Source: Unum Group