Great American Makes $100M 5 Yr Debt Offering

Great American Financial Resources, Inc. (NYSE: GFR) announced Friday the offering of $100 million of 7- 1/2% Senior Debentures due November 5, 2033 by its wholly-owned subsidiary, AAG Holding Company. The Company has granted the underwriters an option to purchase up to an additional $15 million of Debentures to cover over- allotments, if any. The Debentures are fully and unconditionally guaranteed by the Company. The Debentures were priced at 100% of their principal amount and are redeemable on or after November 5, 2008 at 100% of their principal amount plus accrued and unpaid inte...