secwatch.observer — SEC 8-K summary
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Issuer:     Jackson Financial Inc. (JXN)
CIK:        0001822993
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001104659-23-029612
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jackson Financial prices $550M depositary shares offering to repay $600M senior notes
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- Priced 22,000,000 depositary shares at $25 each for gross proceeds of $550 million.
- Underwriters have a 30-day option to purchase up to 2,000,000 additional shares.
- Net proceeds plus cash on hand will repay $600M of senior notes maturing Nov 2023.
- Depositary shares to list on NYSE under symbol 'JXN PR A'; closing expected March 13, 2023.
- Joint book-running managers: Wells Fargo, BofA, J.P. Morgan, Morgan Stanley.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822993/000110465923029612/0001104659-23-029612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822993/000110465923029612/tm238709d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-029612

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