UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 23, 2002
(Date of earliest event reported)
THE PHOENIX COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-16517 06-0493340
(State or other (Commission File Number) (IRS Employer Identification No.)
jurisdiction of incorporation)
One American Row, Hartford, Connecticut 06102-5056
(Address of principal executive offices) (Zip Code)
860-403-5000
(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure.
On December 23, 2002, The Phoenix Companies, Inc. closed on a new $100
million 364-Day Unfunded Unsecured Senior Revolving Credit Facility replacing
its $375 million Master Credit Facility which was terminated upon the pay-down
of a $125 million outstanding balance. Potential borrowers on the new credit
line are The Phoenix Companies, Inc., Phoenix Investment Partners, Inc., and
Phoenix Life Insurance Company. Significant financial covenants include
maintaining, at all times, a minimum consolidated stockholders' equity of $1.7
billion, a maximum consolidated debt-to-capital ratio, as defined, of 30% and a
minimum risk-based capital ratio of 225% for Phoenix Life Insurance Company.
Fleet Securities, Inc. and Bank of Montreal Nesbitt Burns were Co-Lead Arrangers
on the new facility.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE PHOENIX COMPANIES, INC.
By: /s/ Scott R. Lindquist
Name: Scott R. Lindquist
Title: Vice President and
Chief Accounting Officer
Date: December 24, 2002
