Conseco Inc. plans to retire $132 million in public debt in December. Along with the company’s repayment of $650 million in bank debt in September, the move will save the troubled U.S. life insurer $68 million in annual interest expense, or 11 cents a share.
The Indianapolis-based insurer is also planning to sell one of its non-core assets, which it will announce in the next 10 days. Its stock rose 1/16 to $7-1/8 on Wednesday on the New York Stock Exchange
Was this article valuable?
Here are more articles you may enjoy.
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
