Conifer Holdings, Inc. Announces Closing of Exchange Offer
Conifer Holdings, Inc. Announces Closing of Exchange Offer
TROY, Mich., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ: CNFR) ("Conifer" or the "Company"), announced today that it has closed its previously announced offer to exchange (the "Exchange Offer") its outstanding 6.75% Senior Unsecured Notes due 2023 (the "Existing Notes") for 9.75% Senior Unsecured Notes due 2028 (the "New Notes") to be issued by the Company. The Exchange Offer expired at 6:00 p.m., New York City time, on August 1, 2023 (the "Expiration Time").
密歇根州特洛伊，2023 年 8 月 8 日（GLOBE NEWSWIRE）— Conifer Holdings, Inc.（納斯達克股票代碼：CNFR） （“Conifer” 或 “公司”）今天宣佈，其先前宣佈的要約（“交換要約”）將其2023年到期的6.75％的未償還優先無抵押票據（“現有票據”）換成公司將於2028年到期的9.75％優先無抵押票據（“新票據”）。交易所要約於紐約時間2023年8月1日下午 6:00（“到期時間”）到期。
The Company also is offering up to $25,000,000 in aggregate principal amount of New Notes for cash (the "New Offering"), which are being offered on a reasonable best efforts basis and are still available for purchase. The Company will use the net proceeds of the New Offering to redeem all or a portion of the Existing Notes.
該公司還將發行本金總額高達2500萬美元的新票據作爲現金（“新發行”），這些票據是在合理的最大努力基礎上發行的，仍可供購買。公司將使用新發行的淨收益來贖回全部或部分現有票據。
Janney Montgomery Scott and American Capital Partners, LLC served as dealer managers for the Exchange Offer and are serving as placement agents for the New Offering.
Janney Montgomery Scott和American Capital Partners, LLC曾擔任交易所要約的交易經理，並擔任新發行的配售代理。
Conifer Holdings said it has been informed by the dealer managers and placement agents that, as of the Expiration Time, approximately $6.2 million in aggregate principal amount of the Existing Notes had been tendered in the Exchange Offer, which amount represents approximately 25% of the Existing Notes. Additionally, approximately $1.7 million in aggregate principal amount of the New Notes have been purchased in the New Offering to date.
Conifer Holdings表示，交易商經理和配售代理人告知它，截至到期日，交易所要約中已發行現有票據的本金總額約爲620萬美元，約佔現有票據的25％。此外，迄今爲止，已在新發行中購買了新票據的本金總額約爲170萬美元。
The New Notes have been issued pursuant to a registration statement on Form S-4 and Form S-1, as amended, including a prospectus, which was filed with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC. The Company has applied for the New Notes to be listed on the Nasdaq Global Market under the ticker symbol "CNFRZ".
新票據是根據經修訂的S-4表格和S-1表格的註冊聲明發行的，其中包括向美國證券交易委員會（“SEC”）提交併由美國證券交易委員會（“SEC”）宣佈生效的招股說明書。該公司已申請在納斯達克全球市場上市，股票代碼爲 “CNFRZ”。
This news release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to participate in the New Offering or the Exchange Offer, nor shall there be any sale of the New Notes or exchange of the Existing Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Copies of the final prospectus can be obtained without charge by visiting EDGAR on the SEC Website at www.sec.gov; by contacting Alliance Advisors, LLC, 200 Broadacres Drive, Bloomfield, New Jersey 07003; by calling toll-free at 855-737-3176; or by e-mail at CNFRL@allianceadvisors.com
本新聞稿僅供參考，不構成出售要約或招攬參與新發行或交易所要約，也不得在任何非法要約、招攬或出售的州或司法管轄區出售新票據或交換現有票據。最終招股說明書的副本可以通過以下方式免費獲得：訪問美國證券交易委員會網站 www.sec.gov 上的 EDGAR；聯繫位於新澤西州布盧姆菲爾德 Broadacres Drive 200 號的 Alliance Advisors, LLC；撥打免費電話 855-737-3176；發送電子郵件至 CNFRL@allianceadvisors.com
About Conifer
關於針葉樹
Conifer Holdings, Inc. is a specialty insurance holding company, offering customized coverage solutions tailored to the needs of our insureds. Nationwide, Conifer markets largely through independent agents, and is traded on the NASDAQ exchange under the symbol "CNFR". Additional information is available on the Company's website at .
Conifer Holdings, Inc. 是一家專業保險控股公司，根據受保人的需求提供量身定製的保險解決方案。在全國範圍內，Conifer主要通過獨立代理商進行市場，並在納斯達克交易所上市，股票代碼爲 “CNFR”。更多信息可在公司網站上查閱。
Forward-Looking Statements
前瞻性陳述
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include statements about the listing of the New Notes on the Nasdaq Global Market and the availability of the New Notes pursuant to the New Offering. The forward-looking statements contained in this press release are based on management's good-faith belief and reasonable judgment based on current information. The forward-looking statements are qualified by important factors, risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those in the forward-looking statements, including those described in the "Risk Factors" section of our Registration Statement on Form S-4 and S-1 filed with the SEC on May 26, 2023, as amended and supplemented, and our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 27, 2023, and in subsequent reports filed with or furnished to the SEC. Any forward-looking statement made by us in this report speaks only as of the date hereof or as of the date specified herein. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws or regulations.
本新聞稿包含根據1995年《私人證券訴訟改革法》的安全港條款發表的前瞻性陳述。前瞻性陳述提供了對未來事件或我們未來財務或經營業績的當前預期或預測，包括有關新票據在納斯達克全球市場上市以及根據新發行發行新票據的可用性的陳述。本新聞稿中包含的前瞻性陳述基於管理層的真誠信念和基於當前信息的合理判斷。前瞻性陳述受重要因素、風險和不確定性的限制，其中許多因素是我們無法控制的，這可能會導致我們的實際業績與前瞻性陳述中的業績存在重大差異，包括我們於2023年5月26日向美國證券交易委員會提交的S-4和S-1表格註冊聲明的 “風險因素” 部分，以及我們向美國證券交易委員會提交的截至2022年12月31日止年度的10-K表年度報告 2023 年 3 月 27 日，以及隨後向其提交或提供的報告中秒。我們在本報告中發表的任何前瞻性陳述僅代表截至本文發佈之日或本文規定的日期。除非任何適用的法律或法規要求，否則我們沒有義務公開更新任何前瞻性陳述，無論是由於新信息、未來發展還是其他原因。
CONTACT: For Further Information: Jessica Gulis, 248.559.0840 ir@cnfrh.com
聯繫人：欲了解更多信息：傑西卡·古利斯，248.559.0840 ir@cnfrh.com
譯文內容由第三人軟體翻譯。