HealthMarkets repays all $363.3 million owed on term loan due in April

By Ashley Montgomery

Kansas City, Kan., March 2 - HealthMarkets, Inc. repaid the outstanding $363.3 million on its $500 million term loan due in April, according to a company news release.

"We are extremely pleased to be able to retire this debt in full and in advance of the maturity date," Kenneth J. Fasola, HealthMarkets president and chief executive officer, said in a news release. "We believe that the early repayment of this debt provides our company with greater flexibility to invest our resources in current subsidiary operations as well as strategic growth initiatives."

HealthMarkets is an insurance business holding company based in North Richland, Texas.

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