Loan & DebtJun 15, 2026, 04:22 PM
Jackson Financial Issues $750M 6.150% Senior Notes Due 2037
AI Summary
Jackson Financial Inc. issued $750 million in 6.150% Senior Notes due January 15, 2037. Interest will be paid semi-annually, starting July 15, 2026. The notes are redeemable at the company's option, with specific terms before and after October 15, 2036. Proceeds are intended for general corporate purposes, including the potential repayment of existing debt, such as $400 million 5.170% Senior Notes due 2027 and $250 million 8.15% surplus notes due 2027.
Key Highlights
- Jackson Financial issued $750 million aggregate principal amount of Senior Notes.
- The Senior Notes carry an interest rate of 6.150% per annum.
- The notes will mature on January 15, 2037.
- Interest is payable semi-annually, commencing July 15, 2026.
- Proceeds may repay $400 million 5.170% Senior Notes due 2027.
- Proceeds may also repay JNLIC's $250 million 8.15% surplus notes due 2027.
- The Senior Notes are unsecured and include certain restrictive covenants.
Price Impact
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