NU Online News Service, June 15, 1:35 p.m. – Conseco Inc., Carmel, Ind., says it is borrowing $400 million by issuing notes due in 2008.
Conseco will use the notes to pay off bank debt due in December, the company says.
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Conseco Planning To Refinance $400 Million In Debt
By
Staff Writer
June 15, 2001 at 08:00 PM
Share & Print
Lehman Brothers Holdings Inc., New York, is managing the offering.
Shareholders on stock message boards hailed the offering as evidence that the company believes it can now get lower interest rates as a result of improving financial health.
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