AM Best Assigns Issue Credit Rating to Globe Life Inc.’s Senior Unsecured Notes

OLDWICK, N.J.–([1])–AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” to the $350 million 2.15% senior unsecured notes due Aug. 15, 2030 that were recently issued by Globe Life Inc. (Globe) (headquartered in McKinney, TX) [NYSE: GL]. The outlook assigned to the Credit Rating (rating) is stable. The existing ratings of Globe Life remain unchanged.

Globe’s financial leverage and interest coverage ratios are within AM Best’s guidelines for its ratings. The proceeds will be used to retire a term loan of $300 million with the remainder used for general corporate purposes. Globe does not have any debt maturing until September 2022, generates strong cash flows and has ample liquidity to cover its cash flow needs.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity[2] web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings[3]. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases[4].

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com[5].

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

References

  1. ^ (www.businesswire.com)
  2. ^ Recent Rating Activity (cts.businesswire.com)
  3. ^ Guide to Best’s Credit Ratings (cts.businesswire.com)
  4. ^ Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases (cts.businesswire.com)
  5. ^ www.ambest.com (cts.businesswire.com)

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

Acquire this Domain
You can acquire this site’s domain name! We have nurtured its online marketing value by systematically curating this site by the domain’s relevant keywords. Explore our content network – you can advertise on each or rent vs. buy the domain. Buy@TLDtraders.com | Skype: TLDtraders | +1 (475) BUY-NAME (289 – 6263). Thousands search by this site’s exact keyword domain name! Most are sent here because search engines often love the keyword. This domain can be your 24/7 lead generator! If you own it, you could capture a large amount of online traffic for your niche. Stop wasting money on ads. Instead, buy this domain to gain a long-term marketing asset. If you can’t afford to buy then you can rent the domain.

About Us
We are Internet Investors, Developers, and Franchisers – operating a content network of several thousand sites while federating 100+ eCommerce and SaaS startups. With our proprietary “inverted incubation” model, we leverage a portfolio of $100M in valued domains to impact online trends, traffic, and transactions. We use robotic process automation, machine learning, and other proprietary approaches to power our content network. Contact us to learn how we can help you with your online marketing and/or site maintenance.

Share