secwatch.observer — SEC 8-K summary
======================================

Issuer:     Jackson Financial Inc. (JXN)
CIK:        0001822993
Form:       8-K
Filed at:   2026-07-01T21:23:01+00:00
Accession:  0001104659-26-079925
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822993/000110465926079925/0001104659-26-079925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822993/000110465926079925/tm2618572d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-079925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer