debt
confidence high
sentiment neutral
materiality 0.55
Equitable Holdings sells $500M of 6.700% junior subordinated notes due 2055
Equitable Holdings, Inc.
- Entered underwriting agreement on March 12 for $500M aggregate principal of 6.700% fixed-to-fixed reset junior subordinated debt due 2055.
- Expected closing March 26, 2025; net proceeds approximately $494M after expenses and underwriting discount.
- Underwriters include Citigroup, Morgan Stanley, Truist Securities, and Wells Fargo Securities.
- Notes registered under existing S-3 shelf registration statement (No. 333-282204) filed October 4, 2024.