Lincoln National offers senior notes via three bookrunners

Chicago, Feb. 23 – Lincoln National Corp. is offering a single tranche of senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday morning.

The notes will be optionally callable with a make-whole premium until a number of months before the maturity date when the notes will be freely callable at par.

Joint bookrunners for the deal are Wells Fargo Securities LLC, BNP Paribas Securities Corp. and Goldman Sachs & Co. LLC.

Bank of New York Mellon is the trustee.

The company is using in-house counsel and Wachtell, Lipton, Rosen & Katz to advise on the validity of the securities.

Proceeds will be used for general corporate purposes, which may include the repayment of debt either early or at maturity.

As of Dec. 31, the company’s consolidated debt was approximately $6.6 billion.

Lincoln National is a Radnor, Pa. holding company for insurance and retirement subsidiaries.

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