Voya Financial to redeem remaining 5.5% senior notes due 2022

By Wendy Van Sickle

Columbus, Ohio, June 12 – Voya Financial, Inc. called its $96,791,000 of outstanding 5.5% senior notes due 2022 for redemption, according to a press release.

The notes will be redeemed on July 12 at a redemption price equal to the greater of par plus accrued interest to but excluding the redemption date and the make-whole redemption amount.

Following the redemption, $96,791,000 of the notes will remain outstanding.

The company intends to fund the redemption from the net proceeds it received from its public offering of $300 million of 5.35% series B fixed-rate reset non-cumulative preferred stock, as well as cash on hand.

Voya is a New York-based retirement, investment and insurance company.

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