Kemper makes $215 million repayment on $250 million term loan

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Kemper Corp. repaid $215 million of its $250 million term loan due 2020, according to an 8-K filing with the Securities and Exchange Commission.

The repayment was made on Dec. 28.

The term loan was drawn on June 29, 2018 to help fund the acquisition of Infinity Property and Casualty Corp.

“Kemper’s substantial repayment of the term loan reflects the company’s continued strong cash flow and liquidity position following the Infinity acquisition,” senior vice president and chief financial officer James McKinney said in a company news release.

Kemper is an insurance company based in Chicago.

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