September 10, 2003 at 08:00 PM
NU Online News Service, Sept. 10, 2003, 6:03 p.m. EDT – The Clark Consulting Inc. unit of Clark Inc., Barrington, Ill., says it plans to use some of its insurance revenue assets to back securities.
The firm, which provides compensation, benefits, tax and investment consulting services, hopes to raise $50 million by selling the securities through a private placement.
Clark Consulting wants to use the net proceeds from the securitization to pay down debt under its secured credit facility, the company says.
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