Horace Mann prices $300M of 7.250% Senior Notes due 2028 to repay revolving credit

HORACE MANN EDUCATORS CORP /DE/

$300M aggregate principal of 7.250% senior notes due Sep 15, 2028; priced Sep 12, closed Sep 15, 2023.
Net proceeds to repay borrowings under floating-rate revolving credit agreement; remainder for general corporate purposes.
Interest payable semiannually on Mar 15 and Sep 15, starting Mar 15, 2024.
Notes are unsecured senior obligations ranking equally with other unsecured debt.
J.P. Morgan Securities LLC and PNC Capital Markets LLC acted as joint book-running managers.

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