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PRESS RELEASE
THE MONY GROUP ANNOUNCES SUCCESSFUL
COMPLETION OF NOTES OFFERING
NEW YORK--(BUSINESS WIRE)--Dec. 7, 2000--The MONY Group Inc. (NYSE: MNY - news)
today announced it has completed the sale of $275 million principal amount of
7.45% five-year senior notes.
The notes are priced at 99.884 to yield 7.48%. The offering was originally set
for $250 million but due to favorable market conditions, the offering was
increased to $275 million.
Proceeds from the sale will be used for The MONY Group's pending acquisition of
The Advest Group, Inc. (NYSE: ADV - news), a diversified financial services
company, as well as for general corporate purposes. The underwriters of the note
offering are Credit Suisse First Boston Corporation, Chase Securities, Inc.,
Goldman, Sachs & Co., Salomon Smith Barney, Advest, Inc. and Fleet Securities
Inc.
The MONY Group Inc. is the holding company for the member companies of The MONY
Group, which provide financial protection and asset accumulation products and
services. Member companies include MONY Life Insurance Company, founded in 1842
as The Mutual Life Insurance Company of New York; MONY Life Insurance Company of
America; U.S. Financial Life Insurance Company; Enterprise Capital Management,
Inc.; MONY Securities Corporation; and Trusted Securities Advisors Corp.
Forward and Cautionary Statements
Statements in this release may constitute "forward looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements involve a number of risks, uncertainties and other factors that could
cause actual results to differ materially, as discussed in the company's filings
with the Securities and Exchange Commission. The company undertakes no
obligation to update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.
Contact:
The MONY Group Inc., New York
MEDIA CONTACTS:
Doug Myers, 212/708-2472.
[email protected]
Christopher Breslin, 212/708-2435
[email protected]
or
INVESTOR CONTACT:
Jay Davis, 212/708-2917
[email protected]
