Kemper Corporation (NYSE: KMPR) announced that it has priced a registered offering of $150 million of 7.375% subordinated debentures due 2054. Kemper intends to use the net proceeds from this offering 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.

Kemper anticipates that the offering will close on or around February 27, 2014, subject to customary closing conditions. Kemper intends to apply for listing of the subordinated debentures on the New York Stock Exchange. If the application is approved, Kemper expects trading in the subordinated debentures to begin within 30 days of issuance.

J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the transaction.

The offering is being made pursuant to an effective shelf registration statement previously filed by Kemper with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from J.P. Morgan Securities LLC at Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York 10179 or by calling (collect) 212-834-4533; and Wells Fargo Securities, LLC at Attention: Capital Markets Client Support, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262 or by calling 800-326-5897 or emailing cmclientsupport@wellsfargo.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Kemper

Kemper is a diversified insurance holding company with subsidiaries that provide an array of products to the individual and small business markets:

  • Auto insurance
  • Homeowners insurance
  • Renters insurance
  • Life insurance
  • Health insurance

Kemper markets to its customers through a network of independent agents, brokers and career agents.

Kemper Corporation
Investors:
Diana Hickert-Hill, 312.661.4930
investor.relations@kemper.com