secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001193125-26-134604
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln National enters amended $2B credit facility maturing 2031
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000119312526134604/0001193125-26-134604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000119312526134604/d122920d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-134604

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