Capital Offerings Profile

Company Name Kemper Corporation
Offering Type Follow-On
Description Common Shares
ISIN US4884011002
Currency of Issue USD
Trading Symbol (Exchange) KMPR (NYSE)
Announcement Date 6/4/2019
Trade Date 6/4/2019
Settlement Date 6/7/2019
Completion Date 6/4/2019
Overallotment Expiration 7/7/2019
Lock-up Expiration 8/3/2019
Date Overallotment Exercised 6/6/2019
Shelf Filing Date 5/8/2017
144a? No
Mandatory Redemption? No
Convertible? No
Exchange for Existing Issue? No

Use of Proceeds
The company intends to use the net proceeds from the offering, together with a portion of the net proceeds from its new term loan, to redeem all $150.0 million aggregate principal amount of its 7.375% subordinated debentures due 2054 at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

Offer Price ($) 83.00
Gross Amount Offered ($000) 112,050
Amount Including Overallotment ($000) 128,858
Shares Offered 1,350,000
Total Shares Offered 1,552,500

Overallotment Amount Available ($000) 16,808
Overallotment Shares Available 202,500
Overallotment Amount Exercised ($000) 16,808
Overallotment Shares Exercised 202,500

Underwriters Shares Underwritten Amount Underwritten($000)
Book Manager(s)
  Credit Suisse Securities (USA) LLC 1,350,000 112,050

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) Depository Trust Company