Protective Life plans drawdown under revolver to fund notes redemption

By Susanna Moon

Chicago, Sept. 15 – Protective Life Corp. plans to make a drawdown under its revolving credit facility fund the redemption of some of its notes, according to an 8-K filing with the Securities and Exchange Commission.

The company called its $100 million principal amount outstanding 8% senior notes due Oct. 15, 2024.

The notes will be redeemed at par plus accrued interest to the redemption date of Oct. 15.

Protective Life is a financial and insurance products provider based in Birmingham, Ala.

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