Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: donjuan_demarco who wrote (2472)	8/21/2000 1:50:45 PM
From: Softechie	Respond to of 4155

donjuan I'm putting my bets in that Conseco can get an extension. The Company has debt and guarantees at the parent company level of approximately $1.4 billion which are expected to become due on or before September 30, 2000. Because of the time required to complete the sale of assets and other contemplated activities described in the paragraph which follows, extension of the Company's bank credit facilities will be required if the Company is to meet its September debt maturities. The Company is currently in discussions with its bank lenders and management is optimistic appropriate extensions can be negotiated. However, there can be no assurance that these negotiations will be successful, or as to the amount, maturity, cost or terms associated with any such extension. See "Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity of Conseco (parent company)."