Friday, October 16, 2009
Protective Closes $800 Million of Debt Offerings and the Repurchase of Surplus Notes
Protective Life Corporation ("Protective") (NYSE: PL) confirmed today that on October 9, 2009 it closed on offerings of $400 million of its senior notes due in 2019, $100 million of its senior notes due in 2024, and $300 million of its senior notes due in 2039, for an aggregate principal amount of $800 million...
...Protective used the net proceeds to purchase $800 million of newly issued
surplus notes from its indirect wholly-owned insurance subsidiary, Golden Gate
Captive Insurance Company ("Golden Gate")...
Reuters: Protective Closes $800 Million of Debt Offerings and the Repurchase of Surplus Notes
...Protective used the net proceeds to purchase $800 million of newly issued
surplus notes from its indirect wholly-owned insurance subsidiary, Golden Gate
Captive Insurance Company ("Golden Gate")...
Reuters: Protective Closes $800 Million of Debt Offerings and the Repurchase of Surplus Notes
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