Amerus Prices $125 Million of Senior Notes.DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--June 11, 1998-- AmerUs Life Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :AMH AMH Abington Memorial Hospital (Abington, PA) AMH Anti-Müllerian Hormone AMH Australian Medicines Handbook AMH Automated Material Handling AMH Aviation Structural Mechanic (Hydraulics) US Navy Rating ) today announced the pricing of $125 million of 7-year senior notes maturing on June 15, 2005. The sale is expected to be completed June 16, 1998. Under the terms of the pricing agreement, the notes will have a coupon rate Coupon rate In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. of 6.95 percent paid semi-annually on the 15th of June and December beginning on December 15, 1998, and will yield 6.972 percent. The notes are rated Baa2/BBB (Moody's/S&P). Proceeds from the sale of the notes will be used to pay down indebtedness on an existing line of credit. Salomon Smith Barney served as lead manager with Goldman, Sachs & Company, Chase Securities Inc. and Credit Suisse/First Boston Corporation as co-managers. AmerUs is a mutual insurance holding company that markets, underwrites and distributes life insurance and annuity products through its subsidiaries. As of March 31, 1998, it had $10.4 billion in assets and shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $944.6 million. This announcement is neither an offer to sell nor a solicitation of an offer to buy such securities. The offer is made only by a prospectus supplement. CONTACT: AmerUs Life Holdings, Inc. Susan M. Boe, 515/362-3692 |
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