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Global Atlantic (Fin) launches senior note offering

Global Atlantic (Fin) Co., an indirect wholly owned subsidiary of Global Atlantic Financial Group Ltd., launched a private offering of an undisclosed amount of senior notes due 2029.

The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Global Atlantic Financial Ltd., the direct parent of Global Atlantic (Fin).

Global Atlantic (Fin) will use the proceeds to repay outstanding borrowings under its revolving credit facility, which will mature in May 2023, and for general corporate purposes.