Delphi Financial to redeem $50 million of 8% senior notes due 2033

By Marisa Wong

Madison, Wis., Aug. 9 - Delphi Financial Group, Inc. announced that it will redeem a total of $50 million of its 8% senior notes due 2033 on Sept. 21.

The redemption price will be par plus accrued interest up to the redemption date.

The notes are listed on the New York Stock Exchange under the symbol "DFY."

Upon the completion of this partial redemption, $68.75 million of the notes will remain outstanding.

Delphi Financial is an employee benefit services company based in Wilmington, Del.

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