Lincoln National plans to price $300 million senior notes due 2025

By Aleesia Forni

Virginia Beach, March 4 – Lincoln National Corp. is planning to price $300 million of senior notes due 2025, according to a market source and a 424B2 filing with the Securities and Exchange Commission.

Barclays and Deutsche Bank Securities Inc. are the joint bookrunners.

Proceeds will be used to repay the company’s 4.3% fixed-rate senior notes due June 15, 2015, of which $250 million is outstanding, and any remaining proceeds will be used for general corporate purposes.

The holding company for insurance and retirement subsidiaries is based in Radnor, Pa.

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