Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior
credit agreement, the Carmel-based insurer said Thursday in a filing with the Securities and Exchange Commission.
The remaining half will be used for general corporate purposes, it said.
Conseco had $854.6 million of debt outstanding
under its senior credit agreement as of Sept. 30 and a total debt $1.27 billion, according to the filing.
Morgan
Stanley & Co. Inc. is the underwriter for the offering.
Conseco shares closed Wednesday at $5.35 each, up 10
cents on the day.
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Conseco plans new stock offering
IBJ Staff
November 19, 2009
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My favorite magician is Mickey in Fantasia.
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I ate at a Steak n Shake a couple of weeks ago and was amused to see a poster of him (and a lineup of employees) just inside the entrance. You don't see that at other chains -- OK maybe Dave the Wendy's guy, but that was when he was also in their TV ads.
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Well he wasn't a magician in the latest movie, but up in Fort Wayne he was featured on Happy the Hobo when I was a kid and I LOVED THE SHOW!
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Shake Shack>Steak n' Shake
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I really enjoyed the Hollywood Bar and Film works, they had good food and decent prices I understand that parking was one of the reasons for its closing. If other major events were going downtown parking was expensive if not impossible. Hope the new cinema bar will have parking.
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