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Portfolio > Investment VIPs

Unum Completes Note Sale

By staff Writer

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Investors have paid $350 million for 7-year senior notes from Unum Group Corp.

The notes will pay an annual coupon rate of 7.125%.

Unum, Chattanooga, Tenn., says it will use the proceeds from the note sale for general corporate purposes.

This financing will help further build our holding company liquidity position while maintaining debt leverage well below our targeted levels,” Frank Williamson, chief investment officer at Unum, Chattanooga, says in a statement about the offering.

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