Conseco Senior Notes Retired.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Dec. 15, 2000 Conseco Conseco (NYSE: CNO), originally Security Life of Indiana, is a financial services organization based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the , Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today completed retirement of 7.875% Senior Notes due 12/15/00. Issued in 1998, the original face amount on these notes was $150 million. $18.5 million had been retired before maturity. The remaining balance paid today was $131.5 million. This debt retirement is part of Conseco's plan to reduce bank and public debt by $2 billion before the end of 2001. With today's retirement of senior notes, total debt reduced so far under the plan is $808.4 million. World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO Fax-on-Demand 800.344.6452 |
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