Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLV insurer restructures debt
Tuesday, Feb. 25, 2003 | 11:17 a.m.
Sierra Health Services Inc. of Las Vegas today announced that it will sell $100 million in senior convertible debt with an option for an additional $15 million.
The company also said its board of directors expanded a stock repurchase program, initiated in January, by 600,000 shares to 2.6 million shares.
Proceeds from the $100 million sale will pay off old debt, finance the stock repurchase and shore up a government contract bid by a subsidiary, Sierra Military Health Services.
The company also has secured a new $65 million revolving credit facility to replace one maturing Sept. 30.
archive
- Most Read
- Discussed
- Most E-mailed
- Scientology foe’s arrest raises issue of rights
- ‘Stripper-mobile’ with live dancers raises safety, decency concerns
- Miguel Cotto camp says big cut in June fight an asset now
- Cada cherishes moment as poker’s youngest champ
- Manny Pacquiao, Miguel Cotto arrive at MGM Grand
- $5.1 million later, life goes on for Darvin Moon
- Vegas resorts get new places on Monopoly game board
- Fight snapshot: Arum takes a pot shot during Pacquiao training
- Rebels old and new celebrate anniversary of 1990 title
- Live Main Event blog from the Rio
Blogs
Sports: Upon Further Review
Fight snapshot: Predictions for Pacquiao-Cotto
The Kats Report
A lesson in information dissemination, with a little Twitter and a lot of Agassi
Now and Then
Ichabods were tougher than they sound
Politics: Ralston's Flash
I shudder to think what the “amazing door prize from the governor” might be (3 Comments)
Pew Center report finds what others have: Nevada's economy depressed, future in doubt (5 Comments)
Elsewhere
Kelly Pavlik to fight in hometown on Dec. 19
Lobos soccer and Lambert continue to draw attention
Calendar »
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
- 15 Sun
-
Foreigner at Star of the Desert Arena
Star of the Desert Arena
-
Days of the New at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
-
DJ Boris at Godskitchen
Body English | 10:30 p.m. to 11:30 p.m.
-
Holding on to Sound at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Rockabilly Wednesay at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
