CARMEL, Ind., Oct. 16, 2017 /PRNewswire/ -- CNO Financial
Group, Inc. (NYSE: CNO) today announced the successful completion
of an amendment and extension of its revolving credit
facility. The amended $250
million senior unsecured revolver replaces the current
$150 million facility scheduled to
mature May 19, 2019, and extends the
maturity date of the facility to October 13,
2022, provided the $325
million senior notes due 2020 are refinanced prior to
November 30, 2019.
The amended facility improves CNO's financial flexibility and
includes an increase in the aggregate amount of additional
incremental loans the Company may incur from $50 million to $100
million.
The amount drawn under the amended revolving credit facility
continues to be $100 million.
Additional information on today's announcement is available in a
Form 8-K filed with the Securities and Exchange Commission, which
can also be found in the investors section of our website at
www.cnoinc.com.
KeyBank National Association, RBC Capital Markets and Goldman
Sachs Bank USA acted as joint lead
arrangers and joint book-runners for the amended revolving credit
facility.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) is a holding company.
Our insurance subsidiaries – principally Bankers Life and Casualty
Company, Colonial Penn Life Insurance Company and Washington
National Insurance Company – primarily serve middle-income
pre-retiree and retired Americans by helping them protect against
financial adversity and provide for a more secure retirement.
For more information, visit CNO online at www.CNOinc.com.
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SOURCE CNO Financial Group, Inc.