Globe Life issues $450M of 5.850% Senior Notes due 2034

GLOBE LIFE INC.

Issued $450M aggregate principal of 5.850% Senior Notes due Sept 15, 2034 at 99.799% of par.
Net proceeds of ~$444.6M after underwriting discount and expenses.
Proceeds for general corporate purposes, including share repurchases and commercial paper repayment.
Notes are senior unsecured; redeemable at make-whole (T+35bps) before June 15, 2034, thereafter at par.
Underwriting syndicate led by BofA Securities, Regions Securities, Truist Securities, and Wells Fargo Securities.

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