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The Nassau Companies of New York Announces Upsize and Pricing of $425 Million Senior Notes Offering

HARTFORD, Conn., July 8, 2025 — The Nassau Companies of New York announced today the upsize and pricing of its previously announced private offering (the “Offering”) of its 7.875% senior notes due 2030 (the “2030 Notes”). The aggregate principal amount of the 2030 Notes offered in the Offering was increased from $400 million to $425 million, and the 2030 Notes were priced at 100.000% of their face amount to yield a 7.875% coupon. The Offering is expected to close on July 11, 2025, subject to satisfaction of customary closing conditions.

The Nassau Companies of New York intends to use the net proceeds from the Offering for general corporate purposes and to repay in full all outstanding amounts under the existing term loan credit facility.

July 8, 2025 Alice Ericson Nassau No comments

The Nassau Companies of New York Announces Offering of $400 Million Senior Notes

HARTFORD, Conn., July 7, 2025 — The Nassau Companies of New York announced today that it has commenced a private offering (the “Offering”) of $400 million aggregate principal amount of its senior notes due 2030 (the “2030 Notes”), subject to market and other conditions.

The Nassau Companies of New York intends to use the net proceeds from the offering for general corporate purposes and to repay in full all outstanding amounts under the existing term loan credit facility.

July 7, 2025 Alice Ericson Nassau No comments

Nassau Financial Group Names Joe Orofino as Chief Investment Officer, Effective July 1, 2025

HARTFORD, Conn., May 29, 2025 – Nassau Financial Group (“Nassau”) today announced that it has named Joe Orofino as its new Chief Investment Officer, effective July 1, 2025.

Orofino currently serves as Nassau’s Deputy Chief Investment Officer and was previously the Head of Fixed Income. As Chief Investment Officer, he will report to Phil Gass, Chairman and CEO of Nassau. Orofino will succeed David Czerniecki.

“Since joining Nassau in 2022, Joe has made a significant impact across the company, including his oversight of our insurance portfolios. As we continue to accelerate our growth plans, I am excited for Joe’s added responsibilities as our next Chief Investment Officer,” Gass said. “I want to thank David for his commitment to building our asset management business over the last six years.”

May 29, 2025 Alice Ericson Asset Management, Nassau No comments

Nassau Global Credit Closes Two Collateralized Loan Obligations Totaling $868 Million

NEW YORK, May 6, 2025 – Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $868 million.

NGC CLO 2 Ltd., which closed on April 17, 2025, is a $409 million CLO supported by a collateral pool consisting primarily of broadly syndicated senior secured loans.
NGC Euro CLO 5 DAC, which closed on May 2, 2025, is a €406 million CLO supported by a collateral pool consisting primarily of European broadly syndicated senior secured loans.

NGC was launched in 2023 through the combination of Angel Island Capital Management and Nassau Corporate Credit. Since 2017, the firm has issued 11 U.S. dollar-denominated CLOs, five Euro-denominated CLOs, and one opportunistic credit CLO.

May 6, 2025 Alice Ericson Asset Management, Nassau No comments

Nassau Financial Group Expands Insurtech Program with New Capital Commitment

Hartford, Conn., April 21, 2025 – Nassau Financial Group (“Nassau”), a leader in Connecticut’s Insurtech community, today announced it is expanding its Nassau Reimagine program to support early and mid-stage startups with a new $10 million capital commitment. The program will target companies in Insurtech, Fintech, Retiretech, and other related sectors in Nassau’s primary business locations, including Connecticut and New York.

“We are excited to expand our Nassau Reimagine program with additional capital and resource support. Our program has supported over 100 startups in our communities since its inception in 2019, as a first-of-its-kind among Hartford-based insurance companies. Through this added commitment, we look forward to enabling technological innovation for the insurance industry with new companies in our communities,” said Phil Gass, Chairman and CEO of Nassau.

April 21, 2025 Alice Ericson Nassau No comments

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