trending Market Intelligence /marketintelligence/en/news-insights/trending/qn4Fpy85wxQRZokbb-pikg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

CNO Financial prices $500M senior note offering


COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021


Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits


Q&A: Navigating Climate Risk as a Financial Risk

CNO Financial prices $500M senior note offering

CNO Financial Group Inc. has priced an offering of $500 million of its 5.250% senior unsecured notes due May 30, 2029.

The figure reflects an increase of $75 million from the previously announced principal amount offered. The offering is expected to close June 12, with interest to be paid May 30 and Nov. 30 of each year, starting Nov. 30.

CNO Financial intends to use the net proceeds to repay its existing revolving credit facility, redeem its outstanding 4.500% senior notes due 2020, and pay fees and expenses related to the senior notes due 2020. The remaining proceeds will be used for general corporate purposes.

Goldman Sachs & Co. LLC, Barclays, KeyBanc Capital Markets and RBC Capital Markets serve as joint book-running managers for the offering.