Hartford Financial delivers put notice for junior subordinated notes

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Hartford Financial Services Group, Inc. delivered a put notice requiring Glen Meadow ABC Trust to purchase Hartford’s junior subordinated notes for $500 million, according to an 8-K filing with the Securities and Exchange Commission.

The settlement date will be Feb. 15.

The notes have a scheduled maturity of Feb. 12, 2047 and a final maturity of Feb. 12, 2067.

The notes will bear interest at an annual rate of Libor plus 212.5 basis points, payable quarterly.

Hartford Financial is a Hartford, Conn., financial services holding company and parent company for Hartford Insurance Co.

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