CARMEL, Ind., Nov. 18, 2020 /PRNewswire/ — CNO Financial Group, Inc. announced today the pricing of its registered public offering of $150 million in aggregate principal amount of 5.125% subordinated debentures due 2060
. Completion of the offering is expected to occur on November 25, 2020, subject to customary closing conditions.
The Debentures will bear interest at an annual rate of 5.125%, payable quarterly in arrears on February 25, May 25, August 25 and November 25 commencing on February 25, 2021. The Debentures will mature on November 25, 2060.
CNO intends to use the net proceeds from the offering of the Debentures for general corporate purposes.
BofA Securities, Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Debentures.
The Debentures are being offered pursuant to CNO’s shelf registration statement, which is available online at www.sec.gov. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission, and may be obtained online at www.sec.gov or from: BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255, by phone at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com; RBC Capital Markets, LLC, Attention: DCM Transaction Management, 200 Vesey Street, 8th Floor New York, New York 10281, or by phone at (866) 375-6829 or Wells Fargo Securities, LLC Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, by phone at 1-800-645-3751 or by email at wfscustomerservice@wellsfargo.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Debentures or any other securities, nor shall there be any sale of the Debentures in any state or jurisdiction, in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
