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

To: donjuan_demarco who wrote (3214)9/26/2000 11:44:29 AM
From: donjuan_demarco  Respond to of 4155
 
Here is the quote from Bloomberg:

"Analysts estimated Conseco's borrowing costs could rise by
about $35 million a year under the terms of the debt rescheduling agreement, but some said the breathing room gained by the company probably justifies the cost."

The way I read that, they are saying that CNC's total interest expense rises by $35m, despite having paid off $650m in debt.


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