Primerica, a distributor of financial products to middle-income families, has agreed to repurchase about 5.74 million shares of its common stock from Warburg Pincus for $26.15 apiece. Warburg Pincus has backed the company since a PIPE in 2010. After this transaction, the firm will own about 17.9% of Primerica's outstanding common stock on a primary basis.
