Jackson Financial to use new notes to pay off delayed-draw term loan

Chicago, June 1 – Jackson Financial Inc. will use the proceeds from a new two-part offering of senior notes to repay the $750 million of borrowings outstanding under its 2023 senior delayed-draw term loan, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday morning.

The company said that it will supplement the bond proceeds with cash on hand.

Jackson National Life Insurance is based in Lansing, Mich.

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