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Lincoln National intends to price senior notes due 2026
By Devika Patel
Knoxville, Tenn., Dec. 5 – Lincoln National Corp. is planning to price senior notes due 2026, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will have a make-whole call and then are callable at par.
Wells Fargo Securities LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and BNP Paribas Securities Corp. are the bookrunners.
Proceeds will be used for the company’s planned tender offers for up to $175 million of 8.75% senior notes due July 1, 2019 and up to $150 million of 6.15% senior notes due April 7, 2036 and for general corporate purposes.
Lincoln National is a holding company for insurance and retirement subsidiaries and is based in Radnor, Pa.
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