Voya Financial, Inc. (VOYA): debt financing — Voya secures $600M contingent liquidity via P-Caps at 6.012% due 2035

Voya Financial, Inc.

Peachtree Corners Funding Trust II issued $600M of Pre-Capitalized Trust Securities (P-Caps) redeemable May 15, 2035, paying 6.012% semi-annual distributions.
Voya obtains Issuance Right to require Trust to purchase up to $600M of its 6.012% Senior Notes due 2035 in exchange for U.S. Treasury strips.
Voya pays facility premium of 1.5175% per annum on maximum principal; obligations fully guaranteed by subsidiary Voya Holdings Inc.
Proceeds from P-Caps invested in U.S. Treasury strips; contingent liquidity drawn proceeds used for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Voya Financial, Inc. incurred debt of $600,000,000 with Peachtree Corners Funding Trust II at 6.012% maturing May 15, 2035.

Principal: $600,000,000
Counterparty: Peachtree Corners Funding Trust II
Rate: 6.012%
Maturity: May 15, 2035
Event: incurrence

Exact text from the filing

On May 21, 2025 (the “Closing Date”), pursuant to a purchase agreement among Voya Financial, Inc. (the “Company”), Voya Holdings Inc. (the “Subsidiary Guarantor”), TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the several initial purchasers, and Peachtree Corners Funding Trust II, a Delaware statutory trust (the “Trust”), the Trust completed the issuance and sale of 600,000 of its Pre-Capitalized Trust Securities redeemable May 15, 2035 (the “P-Caps”) for an aggregate purchase price of $600,000,000 in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended.

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Voya Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-123995

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