Kemper $150 million fixed-rate reset junior subordinated debentures offering
Davis Polk advised the underwriters in connection with an offering by Kemper Corporation of $150 million aggregate principal amount of its 5.875% fixed-rate reset junior subordinated debentures due 2062.
Based in Chicago, Illinois, the Kemper Corporation family of companies is one of the nation’s leading specialized insurers. With nearly $14.9 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.5 million policies, is represented by approximately 35,400 agents and brokers, and has approximately 10,300 associates.
The Davis Polk capital markets team included partner Roshni Banker Cariello and counsel Jennifer Ying Lan. Partner Lucy W. Farr and associates April Filtz and Ben Silver provided tax advice. All members of the Davis Polk team are based in the New York office.