Horace Mann prices $300 million in senior notes due 2030

SPRINGFIELD, Ill. - Horace Mann Educators Corporation (NYSE:HMN) announced Tuesday it has priced an offering of $300 million aggregate principal amount of 4.700% Senior Notes due 2030. The transaction is expected to close on September 26, 2025, subject to customary closing conditions. The company, currently trading near its 52-week high of $47.81, maintains a strong financial position with a current ratio of 3.0, indicating robust liquidity to meet its obligations.

The financial services company plans to use the net proceeds for general corporate purposes, including the repayment of its 4.50% Senior Notes due 2025.

The notes will be issued under the company’s effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.

PNC Capital Markets LLC, BMO Capital Markets Corp. and J.P. Morgan Securities LLC are serving as joint book-running managers for the offering.

Horace Mann describes itself as the largest multiline financial services company focused on serving America’s educators and others in the community sector. Founded in 1945, the company provides individual and group insurance and financial solutions tailored to the education community.

The announcement was made in a press release statement from the company.

In other recent news, Horace Mann Educators Corporation reported impressive financial results for the second quarter of 2025. The company achieved an earnings per share of $1.06, significantly surpassing analysts’ expectations of $0.59, resulting in a surprise of 79.66%. Revenue also exceeded forecasts, reaching $411.7 million compared to the anticipated $307.8 million, marking a 33.76% surprise. Additionally, Horace Mann announced a regular quarterly cash dividend of $0.35 per share, payable to shareholders on September 30, 2025. These developments reflect the company’s robust performance and commitment to returning value to its shareholders. The earnings results were notably strong, drawing attention from investors and analysts alike. Horace Mann’s focus on financial services for educators and community service professionals continues to drive its positive financial outcomes.

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