Capital Offerings Profile

Company Name Kemper Corporation
Offering Type Subordinated Debt
Description 7.375% Subordinated unsecured debentures, due Feb 27, 2054
ISIN US4884012091
Currency of Issue USD
Trading Symbol (Exchange) KMPA (NYSE)
 
Announcement Date 2/20/2014
Trade Date 2/20/2014
Settlement Date 2/27/2014
Completion Date 2/20/2014
Shelf Filing Date 2/19/2014
 
144a? No
Mandatory Redemption? Yes
Convertible? No
Exchange for Existing Issue? No

Use of Proceeds
The company intends to use the net proceeds from the sale of the debentures for working capital and other general corporate purposes, which may include retirement of a portion of its existing debt on or before its scheduled maturity date.

Pricing
Offer Price ($) 100.00
Yield to Maturity (%) 7.375
Treasury Spread (%) 3.645
Gross Amount Offered ($000) 150,000
Amount Including Overallotment ($000) 150,000
Minimum Denominations/Increments 25/25

Current Security Ratings Current Issuer Ratings

Underwriting Fees
Gross Spread ($) 0.79
Gross Spread (%) 3.15
Sales Concession ($) 0.50
Reallowance ($) 0.45

Underwriters Shares Underwritten Amount Underwritten($000)
Book Manager(s)
  J.P. Morgan Securities LLC - 46,875
  Wells Fargo Securities, LLC - 46,875
Senior Co-manager(s)
  Raymond James & Associates, Inc. - 7,500
  RBC Capital Markets, LLC - 7,500
  William Blair & Company, L.L.C. - 7,500
Co-Manager(s)
  BNY Mellon Capital Markets, LLC - 3,750
  Fifth Third Securities Inc. - 3,750
  JMP Securities LLC - 3,750
  Macquarie Capital (USA) Inc. - 3,750
  PNC Capital Markets LLC - 3,750
  Sandler O'Neill & Partners, L.P. - 3,750
  U.S. Bancorp Investments, Inc. - 3,750
  Wedbush Securities Inc. - 3,750
  Williams Capital Group, L.P. - 3,750

Professionals
Issuer's Counsel Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Underwriter's Counsel Davis Polk & Wardwell, LLP
Auditor(s) Deloitte & Touche, LLP
Clearing House(s) Clearstream Banking SA
Depository Trust Company
Euroclear Bank SA/NV

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