CNO Financial buys back remainder of 7% debentures for $3.7 million

By Marisa Wong

Madison, Wis., July 28 – CNO Financial Group, Inc. said it repurchased the remaining $3.5 million principal amount of its 7% debentures for a purchase price of $3.7 million in the second quarter of 2014.

The repurchase of the debentures and the amendment of the company’s senior secured credit agreement in May resulted in a $400,000 loss on the extinguishment or modification of debt, according to the company’s second-quarter earnings report.

Conseco is a Carmel, Ind.-based insurer.

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