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Torchmark closes debt offering

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Torchmark closes debt offering

TorchmarkCorp. said in a Form 8-K filed April 5 that it completed theissuance and sale of$300 million aggregate principal amount of its 6.125% junior subordinateddebentures due 2056.

Net proceeds from the sale of the debentures areapproximately $290.2 million, after giving effect to the underwriting discountand estimated expenses. Torchmark intends to use the net proceeds to repay the $250.0million outstanding principal amount, plus accrued interest, on its 6.375%senior notes due June 15, and for general corporate purposes.