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Article: AmerUs Group Prices $125 Million of Mandatorily Convertible Securities.
- Article from:
- PR Newswire
- Article date:
- May 22, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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