secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001193125-24-068052
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln National issues $350M 5.852% Senior Notes due 2034 to refinance maturities
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- Aggregate principal $350M at 100% of par, underwriting discount 0.65%; notes bear interest at 5.852%, mature March 15, 2034.
- Net proceeds to retire $250M term loan (SOFR+122.5 bps, due 2024) and $300M 3.35% senior notes due 2025, plus other debt.
- Make-whole redemption at Treasury Rate +30 bps before Dec 15, 2033; par call thereafter; interest semi-annual on March 15 and Sept 15.
- Notes are senior unsecured, rank equally with existing unsecured unsubordinated debt; issued under Senior Indenture with BNY Mellon as trustee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000119312524068052/0001193125-24-068052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000119312524068052/d793821d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-068052

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