debt
confidence high
sentiment neutral
materiality 0.55
Loews raises $500M via 4.940% Senior Notes due 2036
LOEWS CORP
- Completed $500M public offering of 4.940% Senior Notes maturing 2036; interest paid semi-annually April 1 and October 1.
- First interest payment on October 1, 2026; rate of 4.940% per annum until April 1, 2036.
- Notes redeemable before Jan 1, 2036 at make-whole price (T+12.5 bps); thereafter at par plus accrued interest.
- Underwriters led by J.P. Morgan, Barclays, MUFG, and Wells Fargo; trustee is BNY Mellon.