Lincoln Financial Group disclosed the early tender results for its 6.15% senior notes due 2036 and 4.85% senior notes due 2021.
Approximately $167 million of the senior notes were validly tendered and not validly withdrawn prior to Aug. 23, comprised of $105.5 million in 6.15% senior notes due 2036 and $61.8 million in 4.85% senior notes due 2021.
The tender offer is expected to expire Sept. 9, but the company does not expect to purchase any notes tendered after Aug. 23. The notes accepted are expected to settle on Aug. 27.
Lincoln Financial Group is the marketing name for Lincoln National Corp. and its affiliates.
