BRIEF-Primerica sees IPO of 18 mln share…
March 17 (Reuters) – Primerica Inc:
* Sees IPO of 18 million shares at $12-$14 each – SEC filing
* Says selling stockholder granted underwriters option to buy up to 2.7
million additional shares to cover over-allotments
* Says wholly owned unit of Citigroup is its sole stockholder and is
selling all the shares
* Says stockholder agreed to sell in private sale to pvt equity funds managed
by Warburg Pincus about 17.2 million shares
* Says stockholder agreed to sell in private sale warrants to buy about 4.3
million shares of co
* Says after IPO, private sale, Citigroup to own between about 32%-46% of pro
forma shares of common stock
* Says after IPO, private sale pvt equity funds to own between about 23%-33%
of pro forma shares
* Says has applied to have common stock listed on NYSE under symbol
‘PRI’
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