Protective Life to redeem $100 million 8% notes due 2024 on Oct. 15

By Susanna Moon

Chicago, Sept. 15 – Protective Life Corp. called its $100 million outstanding principal amount of 8% senior notes due Oct. 15, 2024, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest to the redemption date of Oct. 15.

The company said it intends to fund the redemption of the notes with a drawdown under its revolving credit facility.

The notes were issued Oct. 9, 2009.

Protective Life is a financial and insurance products provider based in Birmingham, Ala.

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