{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-030148","form_type":"8-K","ticker":"PFG","cik":"0001126328","company_name":"PRINCIPAL FINANCIAL GROUP INC","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.931656+00:00","generated_at":"2026-06-18T08:13:58.576240+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Principal Financial issues $700M senior notes, redeems $400M junior sub notes","bullets":["Issued $400M of 5.375% Senior Notes due 2033 and $300M of 5.500% Senior Notes due 2053.","Notice of redemption issued for all $400M of 4.700% Junior Subordinated Notes due 2055; redemption date April 7, 2023.","New senior notes are fully guaranteed by Principal Financial Services, Inc.","Underwriting agreement with Citigroup, BofA, HSBC, and J.P. Morgan as representatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-030148","json":"https://secwatch.observer/filing/0001104659-23-030148.json","markdown":"https://secwatch.observer/filing/0001104659-23-030148.md","text":"https://secwatch.observer/filing/0001104659-23-030148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/0001104659-23-030148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/tm238259d6_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:13:58.576240+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"111982476e25fffa03d187eeea102b89e9a1dfaf","claim":"PRINCIPAL FINANCIAL GROUP INC incurred senior notes of $400,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.375% maturing 2033.","evidence_excerpt":"On March 8, 2023, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.375% Senior Notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/0001104659-23-030148-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400,000,000 aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"5.375%"},{"label":"Maturity","value":"2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3367d0d3baa4d58a50c0f1a3b3d0e16316e20583","claim":"PRINCIPAL FINANCIAL GROUP INC entered into Sixteenth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $300,000,000 aggregate principal amount of its 5.500% Senior Notes due 2053 (effective 2023-03-08).","evidence_excerpt":"On March 8, 2023, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.375% Senior Notes due 2033 (the “2033 Notes”) and $300,000,000 aggregate principal amount of its 5.500% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Fifteenth Supplemental Indenture, dated as of March 8, 2023, with respect to the 2033 Notes (the “Fifteenth Supplemental Indenture”) and by the Sixteenth Supplemental Indenture, dated as of March 8, 2023, with respect to the 2053 Notes (the “Sixteenth Supplemental Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/0001104659-23-030148-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$300,000,000 aggregate principal amount of its 5.500% Senior Notes due 2053"},{"label":"Effective","value":"2023-03-08"}],"fact_type":"material_agreement"},{"claim_id":"b8164b811510763f910a75dd3dfbeb9b629fe535","claim":"PRINCIPAL FINANCIAL GROUP INC entered into Guarantees with Principal Financial Services, Inc. (effective 2023-03-08).","evidence_excerpt":"The Notes are fully and unconditionally guaranteed by PFSI pursuant to separate guarantees, each dated as of March 8, 2023 (together, the “Guarantees”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/0001104659-23-030148-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Principal Financial Services, Inc."},{"label":"Effective","value":"2023-03-08"}],"fact_type":"material_agreement"},{"claim_id":"d016d108e51ffac13ffdf2dc370cca1b54686df0","claim":"PRINCIPAL FINANCIAL GROUP INC entered into Fifteenth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $400,000,000 aggregate principal amount of its 5.375% Senior Notes due 2033 (effective 2023-03-08).","evidence_excerpt":"On March 8, 2023, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.375% Senior Notes due 2033 (the “2033 Notes”) and $300,000,000 aggregate principal amount of its 5.500% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Fifteenth Supplemental Indenture, dated as of March 8, 2023, with respect to the 2033 Notes (the “Fifteenth Supplemental Indenture”) and by the Sixteenth Supplemental Indenture, dated as of March 8, 2023, with respect to the 2053 Notes (the “Sixteenth Supplemental Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465923030148/0001104659-23-030148-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$400,000,000 aggregate principal amount of its 5.375% Senior Notes due 2033"},{"label":"Effective","value":"2023-03-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}