Lincoln Financial Announces Early Results and Upsizing of Cash Tender Offer for Outstanding Securities

Reuters
05-27
Lincoln Financial Announces Early Results and Upsizing of Cash Tender Offer for Outstanding Securities

Lincoln National Corporation, trading as Lincoln Financial $(LNC)$, announced the early results and upsizing of its cash tender offer for certain outstanding securities. As of May 23, 2025, $812.8 million in aggregate principal amount of the securities had been validly tendered. This includes $264.4 million in the Subordinated Securities. The tender offer involves various senior and subordinated notes due between 2030 and 2067. The financing condition was met following the settlement of Belrose Funding Trust II's issuance of $1 billion in Pre-Capitalized Trust Securities and the sale of $500 million in senior notes due 2030. TD Securities is the sole structuring advisor, with BofA Securities, Morgan Stanley, Citigroup, PNC Capital Markets, and Wells Fargo serving as dealer managers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln National Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250527747854) on May 27, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

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