CHICAGO–(BUSINESS WIRE)–Oct. 27, 2003–Unitrin, Inc. (NYSE:UTR) announced that it has agreed to sell $200 million of seven-year senior notes. The notes carry a coupon of 4.875% and are priced at 99.73 to yield 4.92%. Proceeds from the financing will be used to repay short-term debt and for general corporate purposes. The joint book-running underwriters for this offering are Banc One Capital Markets and Wachovia Securities.
A copy of the final prospectus may be obtained from: Banc One Capital Markets, Investment Grade Securities Department, One Bank One Plaza, Suite IL 1-0595, Chicago, IL 60670, or Wachovia Securities Syndicate Operations, 8739 Research Drive, Mail Code NL 0675, Charlotte, NC 28262.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes.
Unitrin, Inc’s subsidiaries are engaged in three businesses: property and casualty insurance, life and health insurance, and consumer finance.
CONTACT: Unitrin, Inc.
Ed Konar, 312-661-4930
SOURCE: Unitrin, Inc.