Notes Sale: Newport Beach’s Pacific Mutual Life...
Notes Sale: Newport Beach’s Pacific Mutual Life Insurance Co. said Tuesday in that it sold $150 million in notes last week. The notes mature on Dec. 30, 2023, and bear interest of 7.9%. Since mutual life insurance companies are not public and cannot offer stock, they raise capital by selling such notes.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
