Unum Group has completed the offering of $450 million of 4.500% senior notes due 2049.
The net proceeds will be used to buy any targeted securities accepted for payment in an upsized tender offer and, together with cash on hand, to fund the redemption of the company's 3.00% senior notes due 2021 not purchased in the tender offer. The remainder of the proceeds will be utilized for general corporate purposes, which may include additional redemptions or repurchases of outstanding debt.
BofA Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC were joint active book-running managers. Citigroup, J.P. Morgan, Deutsche Bank Securities, U.S. Bancorp, BB&T Capital Markets, BNY Mellon Capital Markets LLC, Fifth Third Securities, Regions Securities LLC and SunTrust Robinson Humphrey were co-managers.
