E-L Financial Corp Ltd
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Financials : Insurance | Mid Cap Value
Based in Canada
Company profile

E-L Financial Corp Ltd is a Canada-based investment and insurance holding company. It operates through the segments: E-L Corporate and The Empire Life Insurance Company (Empire or Empire Life). The operation of E-L Corporate segment include the oversight of investments in global equities held through direct and indirect holdings of common shares, investment funds, closed-end investment companies and other private companies in United, Economic and Algoma. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds and annuity products. Its Empire Life segment provides a range of life insurance and wealth management products, employee benefit plans and financial services for individuals, professionals and businesses through a network of Independent Financial Advisors (IFAs), Managing General Agents (MGAs), National Account firms, Mutual Fund Dealers and Employee Benefits brokers and representatives.

Price
Delayed
$614.93
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)

Today's volume of 0 shares is on pace to be much lighter than ELFIF's 10-day average volume of 32 shares.

0

Avis Budget plans 5.75%, $350 million senior notes offering

8:16 am ET August 3, 2020 (MarketWatch)
Print

Avis Budget Group Inc. (CAR) announced Monday that it plans to offer $350 million in senior notes due 2027. The 5.75% notes will be offered as additional notes under the debt dated as of July 2019, in which $400 million in 5.75% senior notes due 2027 were previously issued. The rental car company expects to use the proceeds from the notes offering to redeem $100 million of 5.50% senior notes due 2023, with the rest to be used for general corporate purposes. The company has said last week that it has $1.5 billion in liquidity at the end of the second quarter, and estimated that cash burn would be approximately $900 million, including $100 million in debt retirement. The stock, which edged up 0.1% in premarket trading, has dropped 19.7% year to date through Friday, while the S&P 500 has gained 1.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 03, 2020 08:16 ET (12:16 GMT)

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