Unum retires $175 million of its 5.997% senior notes

By Devika Patel

Knoxville, Tenn., May 15 - Unum Group said it has retired the remaining $175 million of its 5.997% senior notes.

The notes were issued in May 2003 as a component of the company's Adjustable Conversion-rate Equity Security Units (ACES).

The company had previously repurchased and retired $400 million of the original issuance at the time of the closing of the remarketing of the ACES on Feb. 15, 2006.

Based in Chattanooga, Tenn., Unum is a provider of employee benefits products and services as well as group and individual disability income protection insurance in the United States and the United Kingdom.

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