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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 14, 2007 at 09:22 PM
A disability insurer has obtained a new source of financing.
Units of Wachovia Corp., Charlotte, N.C., and Bank of America Corp., Charlotte, have established a $400 million revolving credit facility for Unum, Chattanooga, Tenn.
The facility, which is not secured by any specific assets, resembles the corporate version of a credit card account.
“Completing this facility despite the current difficult environment for financial companies is a strong endorsement of Unum and further evidence of the growing market confidence in our company,” Robert Greving, the company’s chief financial officer, says in a statement.
Unum will use any money drawn from the credit facility for general corporate purses, the company says.
The company notes that it has retired $752 million in debt this year.
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