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CNO Financial refinancing to include senior secured notes
By Paul A. Harris and Sara Rosenberg
St. Louis, Nov. 30 - CNO Financial Group Inc. plans to use senior secured notes as part of its effort to refinance $652.1 million of bank debt, according to a Tuesday press release.
The refinancing will also include cash on hand and a $325 million senior secured term loan, led by Morgan Stanley and Barclays, which is scheduled to launch at a Thursday bank meeting.
CNO is a Carmel, Ind.-based holding company for insurance companies - principally Bankers Life and Casualty Co., Colonial Penn Life Insurance Co. and Washington National Insurance Co.
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