Delphi Obtains $150M Credit Line

Delphi Financial Group, Inc. (NYSE: DFG) announced yesterday that it has obtained a new $150 million three-year revolving credit facility, which replaces its existing $140 million facility scheduled to expire in April 2003. Bank of America, N.A. and Wachovia Bank NA are the co-lead banks for the new credit facility. Robert Rosenkranz, Chairman and Chief Executive Officer, said, "We were seeking a new credit facility in the range of $125-150 million, and were oversubscribed. We are pleased that the bank market recognizes Delphi's financial strength, growth prospects and attractive business mo...