Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Conseco Planning To Refinance $400 Million In Debt

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, June 15, 1:35 p.m. – Conseco Inc., Carmel, Ind., says it is borrowing $400 million by issuing notes due in 2008.

Conseco will use the notes to pay off bank debt due in December, the company says.

Lehman Brothers Holdings Inc., New York, is managing the offering.

Shareholders on stock message boards hailed the offering as evidence that the company believes it can now get lower interest rates as a result of improving financial health.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.