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The Doctors Company, An Interinsurance Exchange, Announces Expiration and Results of Cash Tender Offer For Surplus Notes Due 2023

The Doctors Company, An Interinsurance Exchange, Announces Expiration and Results of Cash Tender Offer For Surplus Notes Due 2023

The Doctors Company, An Interinsurance Exchange (“The Doctors Company”), announced the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 6.50% Surplus Notes due 2023 (the “Notes”).

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The Tender Offer expired at 5:00 p.m.New York City time, on January 13, 2022 (the “Expiration Time”). The principal amount of the Notes that was validly tendered and not validly withdrawn in the Tender Offer as of the Expiration Time according to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer

The Doctors Company expects to accept for purchase all Notes validly tendered and not validly withdrawn prior to the Expiration Time. As advised by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, as of the Expiration Time, no Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase (as defined below). Settlement for the Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase by The Doctors Company is expected to take place on January 19, 2022. Holders of Notes accepted for purchase pursuant to the Tender Offer will receive the previously announced consideration of $1,086.32 for each $1,000 principal amount of Notes plus accrued and unpaid interest thereon from the last interest payment date to, but not including, the settlement date for the Tender Offer.

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The Tender Offer was made pursuant to the Offer to Purchase dated January 7, 2022 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery.

Wells Fargo Securities, LLC acted as the Dealer Manager for the Tender Offer. Global Bondholder Services Corporation acted as the Depositary and Information Agent for the Tender Offer.

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