Conseco Inc. pulled in nearly $223 million, after discounts and expenses, from a public stock offering, the company announced
Tuesday afternoon.
The Carmel-based life and health insurer already applied $161.4 million of its net proceeds
to its bank loans. Conseco had $854.6 million of debt outstanding under its senior credit agreement as
of Sept. 30.
Conseco will use the remaining funds—$61.3 million—for general corporate
purposes.
The company sold 49.5 million shares in the offering, at a price of $4.75 apiece.
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Conseco raises nearly $223 million in stock offering
IBJ Staff
December 22, 2009
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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