Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Jackson Financial Inc. incurred senior notes of $500,000,000 aggregate principal amount of 6.311% Senior Notes due 2036; $400,000,000 aggregate principal amount of 7.28 with Grand River Funding Trust I, Grand River Funding Trust II at 6.311% per annum for 2036 Senior Notes; 7.280% per annum for 2056 Senior Notes maturing February 15, 2036 for 2036 Senior Notes; February 15, 2056 for 2056 Senior Notes.
- Instrument
- senior notes
- Principal
- $500,000,000 aggregate principal amount of 6.311% Senior Notes due 2036; $400,000,000 aggregate principal amount of 7.28
- Counterparty
- Grand River Funding Trust I, Grand River Funding Trust II
- Rate
- 6.311% per annum for 2036 Senior Notes; 7.280% per annum for 2056 Senior Notes
- Maturity
- February 15, 2036 for 2036 Senior Notes; February 15, 2056 for 2056 Senior Notes
- Event
- incurrence
Exact text from the filing
the Company also entered into separate facility agreements (each, a “Facility Agreement”) with each Trust and The Bank of New York Mellon Trust Company, N.A., as trustee for the Senior Notes. The Facility Agreements provide that the applicable Trust will grant the Company the right to require it to purchase, on one or more occasions, from the Company (each, an “Issuance Right”) the applicable Senior Notes in an aggregate principal amount, at any one time outstanding and held by the applicable Trust, in the case of the 2036 Trust, of up to $500,000,000 aggregate principal amount of the Company’s 2036 Senior Notes and, in the case of the 2056 Trust, of up to $400,000,000 aggregate principal amount of the Company’s 2056 Senior Notes.
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