Lincoln Financial has priced a cash tender offer for its 6.15% senior notes due 2036 and its 4.85% senior notes due 2021.
Total consideration for each $1,000 principal amount of any and all notes validly tendered and accepted for purchase, at a fixed spread of 115 and 55 basis points, was $1,383.76 and $1,049.49, respectively.
The offer will expire at 11:59 p.m. ET on Sept. 9.
Wells Fargo Securities LLC, BNP Paribas Securities Corp. and J.P. Morgan Securities LLC are serving as the joint lead dealer managers for the offering. The information agent and tender agent is Global Bondholder Services Corp.
