CNO Financial Group, Inc. (CNO): debt financing — CNO Financial amends credit facility, reduces rates, extends maturity to 2030

CNO Financial Group, Inc.

SOFR margins reduced to 1.125%-1.750%; commitment fee unchanged; letter of credit sublimit increased to $7.5M.
Incremental facility cap raised to $200M; general debt basket increased to greater of $290M or 7.5% of net worth.
Ratings maintenance covenant removed; maturity extended to May 8, 2030.
Shareholders approved Amended & Restated Long-Term Incentive Plan; ratified PwC as 2025 auditor.
Advisory vote on executive compensation passed with 93.8% support; all nine director nominees elected.

item 1.01 item 2.03 item 5.02 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CNO Financial Group, Inc. amended revolving credit with KeyBank National Association, as administrative agent at SOFR plus a margin ranging from 1.125% to 1.750% (or base rate plus 0.125% to 0. maturing May 8, 2030.

Instrument: revolving credit
Counterparty: KeyBank National Association, as administrative agent
Rate: SOFR plus a margin ranging from 1.125% to 1.750% (or base rate plus 0.125% to 0.
Maturity: May 8, 2030
Event: amendment

Exact text from the filing

The Amendment Agreement, among other things: (i) reduces the interest rate applicable to the loans under the Amended Credit Agreement and the commitment fee rate, and removes the credit spread adjustment applicable to the interest rate calculation

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CNO Financial Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-024388

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