Unum Group on Thursday offered $400 million in 10-year notes with an annual coupon rate of 5.62 percent, the Chattanooga insurer said.
The company plans to use the proceeds to repay the insurance giant’s existing debt that comes due in March 2011 and for “other general corporate purposes,” the company reported.
Unum’s stock closed at 22.12 for the day, down 3 cents or 0.14 percent.