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Horace Mann Educators planning sale of senior notes
By Aleesia Forni
New York, Nov. 18 – Horace Mann Educators Corp. is planning to price an offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.
Bookrunners are J.P. Morgan Securities LLC and Keefe, Bruyette & Woods.
The Springfield, Ill., insurance company said the proceeds will be used redeem or repay outstanding debt, including its 6.85% senior notes due April 15, 2016 and borrowings under a bank credit facility, as well as for general corporate purposes.
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