Harbinger’s Fidelity & Guaranty Life Gets $295 Million Loan
Nomura Holdings Inc. is providing Fidelity & Guaranty the loan, which matures in five years, Harbinger, a diversified holding company based in New York, said today in a statement distributed by Thomson Reuters.
The company has “eliminated the last remaining credit support by its former owner, more than three years ahead of our obligation and at a lower financing cost,” Phil Gass, Harbinger’s vice president of investments, said in the statement.
Harbinger completed the purchase of Fidelity & Guaranty, based in Baltimore, from Old Mutual in April 2011, according to the statement.
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