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.
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
Liberty Mutual Says Safeco Brand Is Officially Retired 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Travelers to Expand Homeowners Insurance Offering in California 
