debt
confidence high
sentiment neutral
materiality 0.50
Globe Life issues $400M of 4.800% Senior Notes due 2032, uses proceeds to repay $300M notes due 2022
GLOBE LIFE INC.
- $400M aggregate principal of 4.800% Senior Notes due 2032 issued at 99.672% of par.
- Net proceeds of ~$394.6M after underwriting discounts and expenses.
- Proceeds used to repay $300M of 3.800% Senior Notes due 2022; remainder for general corporate purposes.
- Notes are senior unsecured, rank equally with other senior debt, issued under S-3 shelf registration.
- Underwriting agreement with BofA Securities, U.S. Bancorp Investments, Wells Fargo Securities as representatives.