Moody’s assigns AmFam notes Baa1

Moody’s Investors Service said it gave a Baa1 rating to AmFam Holdings, Inc.’s planned sale of senior unsecured notes. AmFam is a subsidiary of American Family Insurance Mutual Holding Co.

The company plans to use the proceeds to repay borrowings from the Federal Home Loan Bank of Chicago, some of which were incurred to finance the recent Bold Penguin acquisition and for general corporate purposes.

The notes are being offered to qualified institutional investors under Rule 144A/Regulation S of the Securities Act of 1933.

AmFam Holdings’ outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.