Kemper has entered into a new four-year $325m revolving credit facility that replaces its existing $245m facility that was set to expire on 30 October 2012.

The new facility will expire on 7 March 2016 and the proceeds under the agreement can be used for general corporate purposes, Kemper said.

JP Morgan Securities and Wells Fargo Securities served as Joint Bookrunners and Joint Lead Arrangers respectively.

With over $8bn in assets and more than 6 million policyholders, Kemper is a diversified insurance holding company with subsidiaries that provide life, health, auto, homeowners, renters and other insurance products to the individual and small business markets.

The company operates through a network of independent agents, brokers and career agents, as well as directly to consumers through direct mail, web, employer-sponsored employee benefit programs and other affinity relationships.