NU Online News Service, May 23, 2003, 11:13 a.m. EDT – Clark Consulting Inc., Barrington, Ill., says it will pay off some of the cost of recent acquisitions with $15 million it borrowed through a pooled trust.
The trust issued subordinated debt securities that pay a floating rate of interest. The rate will start at just 5.5% per year, the company says.
The company recently changed its name. It previously was known as Clark/Bardes Inc.