debt
confidence high
sentiment neutral
materiality 0.55
Voya issues $400M 5.000% senior notes due 2034; net proceeds ~$396M
Voya Financial, Inc.
- Issued $400M aggregate principal of 5.000% Senior Notes due September 20, 2034.
- Net proceeds of ~$396M after commissions and expenses; guaranteed by Voya Holdings.
- Proceeds for general corporate purposes, including possible repayment of $400M 3.976% notes due Feb 2025.
- Interest payable semi-annually on March 20 and September 20, starting March 20, 2025.
- Notes are senior unsecured; indenture includes customary covenants and events of default.