Conseco Inc. says it is trying to change its existing $912 million senior secured credit agreement.

Bank of America Securities L.L.C., a unit of Bank of America Corp., Charlotte, N.C., will act as the lead arranger, according to Conseco, Carmel, Ind.

“The amendment, which does not seek any additional borrowing or any changes in the current repayment schedule, is expected to provide for, among other things, amendments and/or waivers of covenants, including financial covenants, and an increase in the interest rate payable by the company,” Conseco says.

“The proposed amendment will require consent from a majority of the lenders,” the company says. “There can be no assurance that such amendments or waivers will be obtained or that the terms that can be obtained would be satisfactory to the company.”