CNO Financial Group, Inc. announced amendment to its senior secured credit facility. The changes to the senior secured credit facility include: Re-pricing of the following: 225.0 million four-year term loan from LIBOR +3.25% with 1.00% LIBOR floor to LIBOR+2.25% with 0.75% LIBOR floor, for an overall decrease of 125 basis points. $406.2 million six-year term loan from LIBOR + 3.75% with 1.25% LIBOR floor to LIBOR+2.75% with 1.00% LIBOR floor, for an overall decrease of 125 basis points; Modification for mandatory prepayments resulting from any Restricted Payments, including share repurchases and shareholder dividends. 100% prepayment for every $1 of Restricted Payments if Debt to Total Capitalization is greater than 25.0% (previously 22.5%); 33.3% prepayment for every $1 of Restricted Payments if Debt to total Capitalization is less than or equal to 25.0% and greater than 20.0% (previously less than or equal to 22.5% but greater than 17.5%); There will be no required prepayment if Debt to Total Capitalization is less than or equal to 20.0% (previously 17.5%).

CNO Financial Group, Inc. announced that the board of directors has approved an increase in the quarterly dividend to $0.03 per share on the company's common shares. The dividend will be payable June 24, 2013, to shareholders of record at the close of business on June 10, 2013. This quarterly rate represents an annualized dividend of $0.12 per share, which equates to a yield of approximately 1% based on the company's stock price at the close of trading on the New York Stock Exchange on May 7, 2013. Future cash dividends will be subject to Board approval.

CNO Financial Group, Inc. announced that it is seeking to amend its senior secured credit facility to reduce the interest rate and make other changes to provide additional financial flexibility. The facility consists of a $250 million four-year term loan which currently has an interest rate of LIBOR plus 325 basis points, with a LIBOR floor of 100 basis points (current interest rate of 4.25%) and has an outstanding principal balance of $225 million, and (ii) a $425 million six-year term loan which currently has an interest rate of LIBOR plus 375 basis points, with a LIBOR floor of 125 basis points (current interest rate of 5.00%) and has an outstanding principal balance of approximately $406 million.