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Torchmark commences debentures offering
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TorchmarkCorp. on March 29 commenced a public offering of its juniorsubordinated debentures due 2056.
According to a Form 8-K filed the same day, the companyplans to use the net proceeds from the sale of the junior subordinateddebentures to repay the $250 million outstanding principal amount plus accruedinterest on its 6.375% senior notes due June 15 and for general corporatepurposes.