Lincoln National Prices Senior Note Offering
December 9, 2009 at 5:20 AM (PT)
LINCOLN FINANCIAL MEDIA parent LINCOLN NATIONAL CORP. has priced its offering of $300 million in 10-year fixed-rate senior notes due FEBRUARY 15, 2020 at a coupon rate of 6.25%.
The company says that it will use the proceeds for general corporate purposes, including repaying $250 million worth of senior notes due MARCH 12th.
UBS SECURITIES LLC and U.S. BANCORP INVESTMENTS INC. served as joint book-running managers for the offering.