debt
confidence high
sentiment neutral
materiality 0.60
Equitable Holdings accepts $500M of 4.350% Senior Notes due 2028 in tender offer; prorated at 66.5%
Equitable Holdings, Inc.
- Total $1.069B tendered; only $500M accepted due to increased Series Cap for Priority Level 1.
- Priority 2 (7.000% 2028) and Priority 3 (5.000% 2048) notes totaling $316.5M not accepted.
- Total tender consideration $1,010.69 per $1,000, including $50 early tender premium.
- Early settlement expected Sept 11; withdrawal deadline expired Sept 8.
- Pricing: Reference yield 3.472% on 3.625% UST due Aug 2028, fixed spread 40 bps.