Conseco completes public offering of 8.796% Capital Securities.CARMEL, Ind.--(BUSINESS WIRE)--April 1, 1997--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today announced the closing of the public offering of $300 million of 8.796% Capital Securities of Conseco Financing Trust III, a subsidiary trust of Conseco, at $1,000 per security. Each Capital Security will pay cumulative cash distributions at the annual rate of 8.796 percent of the stated $1,000 liquidation amount per security, payable semi-annually commencing Oct. 1, 1997. The Capital Securities are fully and unconditionally guaranteed Unconditionally Guaranteed is the eighth LP by Captain Beefheart & the Magic Band, originally released in 1974. Upon release it was criticised for being too commercial, however it failed to give Beefheart any real chart success and peaked at #192 on the Billboard by Conseco. Proceeds from the offering of approximately $296.7 million (after underwriting and other associated costs) will be used to repay bank debt. Conseco is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization headquartered in Carmel, Ind. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities and universal life insurance. NOTE: The E-mail address See Internet address. e-mail address - electronic mail address below contains an "at" sign after "ir". This symbol may not appear properly in some systems. CONTACT: Conseco, Inc. Jim Rosensteele, 317/817-2893 E-mail: ir@conseco.com |
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