|[November 19, 2012]
Warburg Pincus Prices Offering of Shares of Primerica, Inc.
DULUTH, Ga. --(Business Wire)--
Primerica, Inc. (NYSE: PRI) today announced that Warburg Pincus (News - Alert), LLC has
agreed to sell 3,600,000 shares of Primerica's common stock in an
underwritten public offering. Closing of the offering is expected to
occur during the week of November 26, 2012, subject to customary closing
conditions. Immediately following completion of the offering, Warburg
Pincus will beneficially own approximately 15% of Primerica's
outstanding common stock. 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.
Primerica intends to purchase 1,200,000 shares of its common stock in
The offering is being made pursuant to Primerica's existing effective
shelf registration statement that was previously filed with the
Securities and Exchange Commission (the "SEC (News - Alert)"). The offering of these
securities is being made only by means of a prospectus and a related
prospectus supplement. Copies of the prospectus and prospectus
supplement may be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
The issuer has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus in that registration
statement and other documents the issuer has filed with the SEC for more
complete information about the issuer andthis offering. You may get
these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request
it by calling toll-free 1-800-831-9146.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall there
be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Except for historical information contained in this press release, the
statements in this release are forward-looking and made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. No assurance is given that the securities offering discussed
above will be completed on the terms described, or at all. Completion of
the securities offering on the terms described is subject to numerous
conditions, many of which are beyond the control of Primerica,
including, without limitation, general economic conditions, market
conditions, legislative and regulatory changes that could adversely
affect the business of Primerica, and other factors, including those set
forth in the Risk Factors section of Primerica's periodic reports filed
with the SEC, which are available on the SEC's website at http://www.sec.gov.
Primerica assumes no duty to update its forward-looking statements as of
any future date.
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor
of financial products to middle-income families in North America.
Primerica representatives educate their Main Street clients about how to
better prepare for a more secure financial future by assessing their
needs and providing appropriate solutions through term life insurance,
which we underwrite, and mutual funds, annuities and other financial
products, which we distribute primarily on behalf of third parties. In
addition, Primerica provides an entrepreneurial full or part-time
business opportunity for individuals seeking to earn income by
distributing the company's financial products. We insure more than 4.3
million lives and approximately 2 million clients maintain investment
accounts with us. Primerica is a member of the Russell 2000 stock index
and is traded on The New York Stock Exchange under the symbol "PRI".
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