Lincoln National Corp. completed an offering of $500 million of its 3.050% senior notes due 2030.
The company will use the proceeds to purchase the notes tendered and accepted for payment in its tender offer, as well as to repay or redeem, on or before maturity, its outstanding 6.250% senior notes due 2020, $300 million of which is outstanding. The remainder of the proceeds will be used for general corporate purposes.
J.P. Morgan Securities LLC, Wells Fargo Securities LLC and BNP Paribas Securities Corp. were representatives of the underwriters.
