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Lincoln National eyeing offering of senior notes due 2023
By Aleesia Forni
Virginia Beach, Va., Aug. 13 - Lincoln National Corp. is planning to price senior notes due 2023, according to a filing with the Securities and Exchange Commission.
BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are the joint bookrunners.
Proceeds will be used to repay the company's 4.75% senior notes maturing on Jan. 30, 2014 and 4.75% senior notes maturing on Feb. 15, 2014.
Prior to repayment, the company will invest the proceeds of the offering in highly rated securities.
The holding company for insurance and retirement subsidiaries is based in Radnor, Pa.
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