Loan & DebtJun 1, 2026, 04:05 PM
Principal Financial Issues $400M 5.300% Senior Notes Due 2037
AI Summary
Principal Financial Group, Inc. announced the issuance of $400 million in 5.300% Senior Notes due 2037. These notes are fully and unconditionally guaranteed by Principal Financial Services, Inc. The issuance was completed on June 1, 2026, under an existing Senior Indenture and a new Supplemental Indenture. The company also entered into an Underwriting Agreement with BofA Securities, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC.
Key Highlights
- Principal Financial Group issued $400,000,000 aggregate principal amount of Senior Notes.
- The Senior Notes carry an interest rate of 5.300% and are due in 2037.
- The Notes are fully and unconditionally guaranteed by Principal Financial Services, Inc. (PFSI).
- The issuance was made pursuant to a Senior Indenture dated May 21, 2009, and an Eighteenth Supplemental Indenture dated June 1, 2026.
- BofA Securities, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC acted as representatives of the underwriters.
Price Impact
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