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.（纳斯达克股票代码：CNFR） （“Conifer” 或 “公司”）今天宣布，其先前宣布的要约（“交换要约”）将其2023年到期的6.75％的未偿还优先无抵押票据（“现有票据”）换成公司将于2028年到期的9.75％优先无抵押票据（“新票据”）。交易所要约于纽约时间2023年8月1日下午 6:00（“到期时间”）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.
该公司还将发行本金总额高达2500万美元的新票据作为现金（“新发行”），这些票据是在合理的最大努力基础上发行的，仍可供购买。公司将使用新发行的净收益来赎回全部或部分现有票据。
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曾担任交易所要约的交易经理，并担任新发行的配售代理。
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，交易商经理和配售代理人告知它，截至到期日，交易所要约中已发行现有票据的本金总额约为620万美元，约占现有票据的25％。此外，迄今为止，已在新发行中购买了新票据的本金总额约为170万美元。
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".
新票据是根据经修订的S-4表格和S-1表格的注册声明发行的，其中包括向美国证券交易委员会（“SEC”）提交并由美国证券交易委员会（“SEC”）宣布生效的招股说明书。该公司已申请在纳斯达克全球市场上市，股票代码为 “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
本新闻稿仅供参考，不构成出售要约或招揽参与新发行或交易所要约，也不得在任何非法要约、招揽或出售的州或司法管辖区出售新票据或交换现有票据。最终招股说明书的副本可以通过以下方式免费获得：访问美国证券交易委员会网站 www.sec.gov 上的 EDGAR；联系位于新泽西州布卢姆菲尔德 Broadacres Drive 200 号的 Alliance Advisors, LLC；拨打免费电话 855-737-3176；发送电子邮件至 CNFRL@allianceadvisors.com
About Conifer
关于针叶树
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. 是一家专业保险控股公司，根据受保人的需求提供量身定制的保险解决方案。在全国范围内，Conifer主要通过独立代理商进行市场，并在纳斯达克交易所上市，股票代码为 “CNFR”。更多信息可在公司网站上查阅。
Forward-Looking Statements
前瞻性陈述
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.
本新闻稿包含根据1995年《私人证券诉讼改革法》的安全港条款发表的前瞻性陈述。前瞻性陈述提供了对未来事件或我们未来财务或经营业绩的当前预期或预测，包括有关新票据在纳斯达克全球市场上市以及根据新发行发行新票据的可用性的陈述。本新闻稿中包含的前瞻性陈述基于管理层的真诚信念和基于当前信息的合理判断。前瞻性陈述受重要因素、风险和不确定性的限制，其中许多因素是我们无法控制的，这可能会导致我们的实际业绩与前瞻性陈述中的业绩存在重大差异，包括我们于2023年5月26日向美国证券交易委员会提交的S-4和S-1表格注册声明的 “风险因素” 部分，以及我们向美国证券交易委员会提交的截至2022年12月31日止年度的10-K表年度报告 2023 年 3 月 27 日，以及随后向其提交或提供的报告中秒。我们在本报告中发表的任何前瞻性陈述仅代表截至本文发布之日或本文规定的日期。除非任何适用的法律或法规要求，否则我们没有义务公开更新任何前瞻性陈述，无论是由于新信息、未来发展还是其他原因。
CONTACT: For Further Information: Jessica Gulis, 248.559.0840 ir@cnfrh.com
联系人：欲了解更多信息：杰西卡·古利斯，248.559.0840 ir@cnfrh.com
译文内容由第三方软件翻译。