Business & Finance
CHICAGO--([ BUSINESS WIRE ])--[ Kemper Corporation ] (NYSE: KMPR) announced today that it has entered into a new $325 million, four-year revolving credit facility that expires on March 7, 2016. The new facility replaces Kemperas $245 million facility that was set to expire October 30, 2012.
Proceeds under the agreement can be used for general corporate purposes.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC served as Joint Bookrunners and Joint Lead Arrangers.
About Kemper
Kemper is a diversified insurance holding company with subsidiaries that principally provide life, health, auto, homeowners, renters and other insurance products to the individual and small business markets. Kemper serves its customers through a network of independent agents, brokers and career agents, as well as directly to consumers via direct mail, web, employer-sponsored employee benefit programs and other affinity relationships.
Additional information about Kemper is available by visiting [ kemper.com ].