---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-134604"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:17:50.538229+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Lincoln National enters amended $2B credit facility maturing 2031

## Summary
- $2.0B unsecured revolving credit facility (letters of credit and loans) matures March 27, 2031; replaces Dec 2023 agreement.
- Minimum consolidated net worth set at $9.932B plus 50% of equity issuance proceeds after Dec 31, 2025.
- Debt-to-capital ratio capped at 0.35 to 1.00; secured non-operating debt of subsidiaries limited to 7.5% of total capitalization.
- Facility fee 0.125% p.a. on aggregate commitment; letter of credit commission 1.0% p.a., subject to rating-based adjustments.

## SEC filing metadata
- accession: 0001193125-26-134604
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000119312526134604/0001193125-26-134604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000119312526134604/d122920d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-134604
- JSON: https://secwatch.observer/filing/0001193125-26-134604.json
- Plain text: https://secwatch.observer/filing/0001193125-26-134604.txt

## Key facts
- Material Agreements
  LINCOLN NATIONAL CORP entered into Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders named therein valued at $2.0 billion (effective 2026-03-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the other lenders named therein
  - Value: $2.0 billion
  - Effective: 2026-03-27
  source text: On March 27, 2026, Lincoln National Corporation (the “Company”) entered into an amended and restated credit agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent, and the other lenders named therein (the “Third Amended and Restated Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000119312526134604/0001193125-26-134604-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.