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Lincoln National plans to price two-part senior notes offering
By Marisa Wong
Los Angeles, May 8 – Lincoln National Corp. plans to offer senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Barclays and Deutsche Bank Securities Inc. are the joint bookrunners.
Proceeds will be used to redeem the company’s 2021 notes and to repay its term loan due March 2022, and any remaining funds will be used for general corporate purposes.
Lincoln National sells insurance and retirement products. The company is based in Radnor, Pa.
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