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Capital Offerings Profile
Company Name
Infinity Property and Casualty Corporation
Offering Type
IPO
Description
Common Stock
ISIN
US45665Q1031
Currency of Issue
USD
Announcement Date
10/9/2002
Trade Date
2/12/2003
Settlement Date
2/18/2003
Completion Date
2/12/2003
Overallotment Expiration
3/20/2003
Lock-up Expiration
8/11/2003
144a?
No
Mandatory Redemption?
No
Convertible?
No
Exchange for Existing Issue?
No
Pricing
Offer Price ($)
16.00
Gross Amount Offered ($000)
198,048
Amount Including Overallotment ($000)
200,000
Shares Offered
12,378,000
Total Shares Offered
12,500,000
Selling Securityholders
Amount Offered By Shareholders ($000)
198,048
Shares Offered By Shareholders
12,378,000
Overallotments
Shareholder Overallotment Amount Available ($000)
29,677
Shareholder Overallotment Shares Available
1,854,825
Shareholder Overallotment Amount Exercised ($000)
1,952
Shareholder Overallotment Shares Exercised
122,000
Underwriting Fees
Gross Spread ($)
0.98
Gross Spread (%)
6.13
Sales Concession ($)
0.58
Reallowance ($)
0.10
Underwriters
Shares Underwritten
Amount Underwritten($000)
Book Manager(s)
Credit Suisse Securities (USA) LLC
4,026,543
64,425
Merrill Lynch, Pierce, Fenner & Smith Incorporated
2,855,731
45,692
Co-Manager(s)
Banc of America Securities LLC
1,665,843
26,653
J.P. Morgan Securities LLC
1,665,843
26,653
Dowling & Partners Securities, LLC
1,098,839
17,581
KeyBanc Capital Markets Inc.
391,963
6,271
Macquarie USA, LLC
279,974
4,480
BNY Associates Incorporated
190,382
3,046
LaSalle Financial Services, Inc.
190,382
3,046
Professionals
Issuer's Counsel
Keating Muething & Klekamp PLL
Underwriter's Counsel
Dewey Ballantine LLP
Auditor(s)
Ernst & Young LLP
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