Kemper Corp. has priced an offering of $200 million of its 4.350% senior notes due 2025 at an issue price of 101.193% of the principal amount.
The new notes are an additional issuance of the notes of which Kemper issued $250 million in February 2015. The notes will be treated as part of a single series as the previously issued notes. The latest offering is expected to close on or around June 19.
Kemper plans to use the net proceeds for general corporate purposes.
Goldman Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. are acting as joint book-running managers.