Global Atlantic intends to repay revolver due 2023 with new notes

Chicago, Sept. 23 – Global Atlantic (Fin) Co., a wholly owned subsidiary of Global Atlantic Financial Group Ltd., intends to use proceeds from a new offering of senior notes to repay its revolving credit facility with a maturity of May 2023.

The company will use any additional proceeds for general corporate purposes, according to a notice.

Global Atlantic is a provider of retirement and life insurance products.

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