HARTFORD, Conn.—The Nassau Companies of New York (the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) for (i) up to an aggregate principal amount of its 7.45% Quarterly Interest Bonds due 2032 and (ii) up to an aggregate principal amount of the 7.15% Surplus Notes due 2034 issued by Nassau Life Insurance Company, a wholly-owned subsidiary of the Company (collectively, the “Notes”), such that the aggregate consideration paid by the Company in respect of each series does not exceed the designated “Maximum Series Tender Cap” as set forth in the table below.
Nassau Financial Group announced today that it has closed on a revolving credit facility of $100 million, arranged by RBC Capital Markets. The facility will provide Nassau with additional financial flexibility as the company continues to execute on growth plans across its insurance and asset management businesses.
About Nassau Financial Group
Based in Hartford, CT, Nassau Financial Group (NFG) is a growth focused and digitally enabled financial services company with three distinct and closely connected businesses: insurance, asset management and reinsurance. Nassau was founded in 2015 and has grown to $1.2 billion in total adjusted capital and $20.1 billion in assets under management. For more information, visit www.nfg.com.
Nassau is proud to sponsor the USAT Long Course Nationals hosted by the TOUGHMAN Triathlon as the event’s swim partner. Taking place on September 24-25, 2022, at the scenic location of Lake Welch in Harriman State Park, Stony Point NY, the event will include a half iron triathlon, half iron duathlon and half iron aquabike. A sprint triathlon, Olympic triathlon and aquabike, as well as the 14th annual TOUGHKids triathlon also will take place on race weekend.
AM Best has upgraded the Financial Strength Rating of Nassau’s insurance companies to B++. The upgrade clearly acknowledges the hard work of our employees and distribution partners and everything we achieved in 2021.
Nassau has never been stronger, our sales have never been higher, and we expect to see the positive momentum build as we head into 2022.
We are always working harder to be your carrier of choice.
Westport, Conn., November 4, 2021 – Balance Point Capital Advisors (“Balance Point”), the manager of Balance Point Capital Partners, a leading provider of debt and equity capital solutions to lower middle market companies, today announced it has received a strategic investment from Nassau Financial Group (“Nassau“), a Hartford, CT-based financial services company with assets of more than $27 billion. Nassau’s investment will take the form of a non-controlling minority interest in Balance Point. Balance Point will continue to operate on a stand-alone basis under its present executive leadership. Financial terms of this transaction were not disclosed.