Conseco Announces Results of Tender Offer.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--March 4, 2002 Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) announced today that holders of an aggregate of $75,775,000 of the 10 1/4% Senior Subordinated Notes due June 1, 2002 of its subsidiary, Conseco Finance Corp., were tendered in response to the tender offer that expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on Friday, March 1. The purchase price will be paid tomorrow, March 5, and is equal to 100% of the principal amount of the notes tendered, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. . The principal amount of the 10 1/4% notes due June 1, 2002 outstanding after the tender offer is approximately $34.8 million (excluding $23.7 million held by Conseco, Inc.). World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO |
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