United Fire Group, Inc. announces senior notes offering
United Fire Group (NASDAQ: UFCS) has successfully completed a private placement of $30 million senior unsecured notes. The Series B notes carry a 9.0% interest rate and will mature on May 31, 2039.
The offering was conducted with Ares Alternative Credit funds, with Stonybrook Capital serving as the exclusive financial advisor. The proceeds will be utilized to support the company's anticipated growth and general corporate purposes. The notes were offered under Rule 144A to qualified institutional buyers in the U.S. and to certain non-U.S. persons through Regulation S.
United Fire Group (NASDAQ: UFCS) ha completato con successo un collocamento privato di note senior non garantite per 30 milioni di dollari. Le note della Serie B hanno un tasso di interesse del 9,0% e scadranno il 31 maggio 2039.
L'offerta è stata condotta con i fondi Ares Alternative Credit, con Stonybrook Capital come consulente finanziario esclusivo. I proventi saranno utilizzati per supportare la crescita prevista dell'azienda e per scopi aziendali generali. Le note sono state offerte ai sensi della Regola 144A a investitori istituzionali qualificati negli Stati Uniti e a determinate persone non statunitensi tramite il Regolamento S.
United Fire Group (NASDAQ: UFCS) ha completado con éxito una colocación privada de notas senior no garantizadas por 30 millones de dólares. Las notas de la Serie B tienen una tasa de interés del 9,0% y vencerán el 31 de mayo de 2039.
La oferta se realizó con los fondos Ares Alternative Credit, con Stonybrook Capital como asesor financiero exclusivo. Los ingresos se utilizarán para apoyar el crecimiento anticipado de la compañía y para propósitos corporativos generales. Las notas se ofrecieron bajo la Regla 144A a compradores institucionales calificados en EE. UU. y a ciertas personas no estadounidenses a través del Reglamento S.
United Fire Group (NASDAQ: UFCS)가 3,000만 달러 규모의 선순위 무담보 채권 사모 발행을 성공적으로 완료했습니다. B 시리즈 채권은 9.0% 이자율을 가지며 2039년 5월 31일에 만기됩니다.
이번 발행은 Ares Alternative Credit 펀드와 함께 진행되었으며, Stonybrook Capital이 독점 금융 자문사로 참여했습니다. 조달된 자금은 회사의 예상 성장 지원 및 일반 기업 목적에 사용될 예정입니다. 이 채권은 미국 내 적격 기관 투자자에게는 Rule 144A에 따라, 미국 외 특정인에게는 Regulation S를 통해 제공되었습니다.
United Fire Group (NASDAQ : UFCS) a réussi une émission privée de obligations senior non garanties de 30 millions de dollars. Les obligations de la série B portent un taux d'intérêt de 9,0% et arriveront à échéance le 31 mai 2039.
L'offre a été réalisée avec les fonds Ares Alternative Credit, Stonybrook Capital agissant en tant que conseiller financier exclusif. Les fonds seront utilisés pour soutenir la croissance anticipée de l'entreprise et ses besoins généraux. Les obligations ont été proposées en vertu de la règle 144A aux investisseurs institutionnels qualifiés aux États-Unis et à certaines personnes non américaines via le règlement S.
United Fire Group (NASDAQ: UFCS) hat erfolgreich eine Privatplatzierung von 30 Millionen US-Dollar Senior-Unsecured Notes abgeschlossen. Die Notes der Serie B haben einen Zinssatz von 9,0% und laufen am 31. Mai 2039 ab.
Das Angebot wurde mit den Ares Alternative Credit Fonds durchgeführt, wobei Stonybrook Capital als exklusiver Finanzberater fungierte. Die Erlöse werden zur Unterstützung des erwarteten Wachstums des Unternehmens und für allgemeine Unternehmenszwecke verwendet. Die Notes wurden gemäß Regel 144A an qualifizierte institutionelle Käufer in den USA und gemäß Regulation S an bestimmte Nicht-US-Personen angeboten.
- Secured $30 million in long-term financing through senior notes
- Funds will support anticipated growth initiatives
- Successfully placed notes with reputable institutional investors
- High interest rate of 9.0% on the notes may increase debt servicing costs
- Long-term debt commitment extending to 2039
CEDAR RAPIDS, Iowa, July 10, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of
Stonybrook Capital, LLC served as the company’s exclusive financial advisor in connection with the offering.
The notes were offered and sold in a transaction exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and in the United States only to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration under the Securities Act provided by Rule 144A and outside the United States to certain non U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
About UFG
Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. AM Best assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.
Disclosure of forward-looking statements
This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the company, the industry in which we operate, and beliefs and assumptions made by management. Words such as “expect(s),” “anticipate(s),” “intend(s),” “plan(s),” “believe(s),” “continue(s),” “seek(s),” “estimate(s),” “goal(s),” “remain(s) optimistic,” “target(s),” “forecast(s),” “project(s),” “predict(s),” “should,” “could,” “may,” “will,” “might,” “hope,” “can” and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024 (“2024 Annual Report”), filed with the Securities and Exchange Commission (“SEC”) on February 26, 2025. The risks identified in our 2024 Annual Report and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
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Email: ir@unitedfiregroup.com
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