Primerica (PRI) to Buy Back 5.74M Common in Private Transaction for $26.15/Share

April 18, 2012 8:56 AM EDT
Primerica, Inc. (NYSE: PRI) has entered into an agreement to repurchase 5,736,137 shares of Primerica common stock beneficially owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P. at a purchase price of $26.15 per share.

The purchase price was determined based on the closing price of Primerica common stock on April 17, 2012. Following the repurchase transaction, Warburg will own approximately 17.9% of Primerica’s outstanding common stock on a primary basis and approximately 23.2% including the warrants to purchase Primerica common stock currently held by Warburg Pincus.

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