CNA Financial Corporation issues $400M of 5.500% notes due 2033

CNA FINANCIAL CORP

Underwriting agreement with BofA Securities, J.P. Morgan, and Wells Fargo for $400M aggregate principal of 5.500% notes due 2033.
Notes offered under existing shelf registration statement; expected to close May 22, 2023 subject to customary conditions.
Interest rate set at 5.500% per annum, maturity in 2033 (ten-year term implied from 2023 issuance).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CNA FINANCIAL CORP entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters valued at $400 million (effective 2023-05-17).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters
Value: $400 million
Effective: 2023-05-17

Exact text from the filing

On May 17, 2023, the registrant entered into an underwriting agreement (“Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed on Schedule II thereto, relating to the offer and sale of $400 million aggregate principal amount of the registrant’s 5.500% notes due 2033

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Source: SEC EDGAR

accession 0001104659-23-062854

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