debt
confidence high
sentiment neutral
materiality 0.60
Jackson Financial Inc. (JXN): debt financing — Jackson Financial issues $750M 6.150% Senior Notes due 2037
Jackson Financial Inc.
- $750M 6.150% Senior Notes due 2037 issued; interest payable semi-annually Jan 15/Jul 15.
- Net proceeds for general corporate purposes; may repay $400M 5.170% notes due 2027 and/or $250M surplus notes due 2027.
- Notes unsecured; redeemable at par after Oct 15, 2036; make-whole at Treasury+25bps prior.
- Underwriters include Deutsche Bank, BNP Paribas, J.P. Morgan, SC America.