Article: AmerUs Group Prices $125 Million of Mandatorily Convertible Securities.

AmerUs Group Co. , a leading producer of life insurance and annuity products, today announced that it has priced $125 million of mandatorily convertible securities (PRIDES(SM)). This is an increase from the original announcement to offer $100 million of PRIDES. AmerUs Group has also granted the underwriters an option to purchase an additional $18.75 million of PRIDES. It is expected that the PRIDES will be listed on the New York Stock Exchange.

The PRIDES initially will consist of a $25 senior note and a contract requiring the holder to purchase AmerUs Group common stock. The note has a minimum term of 4.75 years, which may be extended by AmerUs Group in ...

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