AM Best Assigns Issue Credit Rating to Horace Mann Educators Corporation's New Senior Unsecured Notes

Core Viewpoint - AM Best has assigned a Long-Term Issue Credit Rating of "bbb" (Good) to Horace Mann Educators Corporation's recently issued $300 million senior unsecured notes, indicating a stable outlook for the company [1]. Group 1: Credit Rating and Financial Instruments - The newly issued senior unsecured notes amount to $300 million with a coupon rate of 4.7%, maturing in October 2030 [1]. - The outlook for the assigned Credit Rating is stable, reflecting the company's current financial health [1]. - Existing ratings of Horace Mann and its subsidiaries remain unchanged, indicating consistent performance in the market [1]. Group 2: Use of Proceeds - Horace Mann plans to utilize the net proceeds from the issuance of the notes for general corporate purposes, which may include operational expenses or strategic investments [1].