0001224608-11-000030.txt : 20110630 0001224608-11-000030.hdr.sgml : 20110630 20110630162909 ACCESSION NUMBER: 0001224608-11-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110630 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110630 DATE AS OF CHANGE: 20110630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNO Financial Group, Inc. CENTRAL INDEX KEY: 0001224608 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 753108137 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31792 FILM NUMBER: 11942480 BUSINESS ADDRESS: STREET 1: 11825 N PENNSYLVANIA ST CITY: CARMEL STATE: IN ZIP: 46032 BUSINESS PHONE: 3178176100 MAIL ADDRESS: STREET 1: 11825 NORTH PENNSYLVANIA STREET CITY: CARMEL STATE: IN ZIP: 46032 FORMER COMPANY: FORMER CONFORMED NAME: CONSECO INC DATE OF NAME CHANGE: 20030326 8-K 1 form8-kdebtrepurchase.htm FORM 8-K Form 8-K debt repurchase






UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
 
CURRENT REPORT
 PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 30, 2011



CNO Financial Group, Inc.
(Exact Name of Registrant as Specified in Charter)
 
Delaware
001-31792
75-3108137
(State or Other
 Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer
 Identification No.)
11825 North Pennsylvania Street
Carmel, Indiana  46032
(Address of Principal Executive Offices) (Zip Code)
 
(317) 817-6100
(Registrant's telephone number, including area code)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





1





Item 7.01.
Regulation FD Disclosure.

On June 30, 2011, CNO Financial Group, Inc. ("CNO") issued a press release announcing that during the second quarter of 2011 it repurchased 2.2 million shares of its common stock for an aggregate purchase price of $16.2 million under the share repurchase program announced on May 16, 2011. As required under the terms of its Senior Secured Credit Agreement, CNO also made a principal prepayment on June 30, 2011 of the same amount as the share repurchase ($16.2 million). A copy of CNO's press release is attached hereto as Exhibit 99.1.


Item 9.01(d).
Financial Statements and Exhibits.


99.1
Press release of CNO Financial Group, Inc. dated June 30, 2011.


2





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
CNO Financial Group, Inc.
 
 
 
Date: June 30, 2011
 
 
 
By:
 
 
/s/ John R. Kline
 
 
 
John R. Kline
 
 
 
Senior Vice President and
Chief Accounting Officer
 
 
 




3
EX-99.1 2 exhibit991-debtrepurchase.htm EXHIBIT 99.1 Exhibit 99.1 - debt repurchase


Exhibit 99.1




For Immediate Release                                            
Contact:
(News Media) Tony Zehnder +1.312.396.7086
 
(Investors)      Scott Galovic +1.317.817.3228


CNO Financial Group, Inc. Announces Second Quarter Share Repurchases and Principal Prepayment under Senior Secured Credit Agreement


Carmel, Ind., June 30, 2011 - CNO Financial Group, Inc. (NYSE: CNO) today announced that during the second quarter of 2011 it repurchased 2,206,648 shares of its common stock for an aggregate purchase price of $16.2 million under the share repurchase program announced on May 16, 2011. The shares were repurchased at an average cost of $7.35 per share, and represented 0.9% of the total outstanding shares as of March 31, 2011.

As required under the terms of its Senior Secured Credit Agreement, CNO also made a principal prepayment today of the same amount as the share repurchase ($16.2 million). This prepayment will reduce the scheduled principal amount that is due on September 30, 2016. After this prepayment, the outstanding principal balance of the facility is $308.8 million and the next scheduled principal payment under the facility of $10.0 million is due September 30, 2012.

The proforma debt to total capital ratio (as defined in our Senior Secured Credit Agreement) at March 31, 2011 reduced to 19.0% from 19.2% as a result of the aforementioned transactions.


About CNO
 
CNO is a holding company. Our insurance subsidiaries - principally Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company - serve working American families and seniors by helping them protect against financial adversity and provide for a more secure retirement. For more information, visit CNO online at www.CNOinc.com.



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