Jackson Financial enters $1.25B revolving credit facility replacing $1B 2023 facility

Jackson Financial Inc.

New $1.25B revolving credit agreement dated June 30, 2026; $500M sub-limit for letters of credit.
Facility matures June 30, 2031 with two one-year extension options; replaces $1B 2023 facility due Feb 2028.
Interest: Term SOFR + 1.125%-1.875% or Base Rate + 0.125%-0.875% based on credit ratings.
Financial maintenance covenants: min adjusted net worth ≥65% of Mar 31, 2026 level plus 50% of equity issuances; max debt-to-capital ≤35%.
Proceeds for working capital and general corporate purposes; accordion feature to increase commitments by up to $500M.

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