Tender Offer - Equitable Holdings, Inc.

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Form Type: SC TO-I/A

Filing Date: 2025-04-10

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525077426

Filing Summary: This amendment, Amendment No. 3 to Schedule TO, relates to the issuer tender offer by Equitable Holdings, Inc. to purchase any and all outstanding depositary shares representing a 1/25th interest in the company's 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B, at a purchase price of $1,000 per share plus accrued dividends. The tender offer was set to expire at 5:00 p.m. New York City time on April 9, 2025, and the company announced the results of the offer on April 10, 2025. A total of 279,002 Series B Depositary Shares were validly tendered and not withdrawn. The filing serves to update the previous Schedule TO filed on March 12, 2025, and includes a copy of the press release issued regarding the results of the offer.

Additional details:

Offer Price: 1000

Liquidation Preference: 25000

Number Of Shares Tendered: 279002

Form Type: 8-K

Filing Date: 2025-04-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525071906

Filing Summary: On April 3, 2025, Equitable Holdings, Inc. issued a press release announcing the final results of its tender offer aimed at purchasing up to 46,000,000 units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. The tender offer expired on April 1, 2025, at 5:00 p.m. New York City time. The communication serves solely for informational purposes and does not constitute an offer to purchase or a solicitation to sell any Units or other securities. This release also emphasizes that forward-looking statements are made based on management's current expectations and involve uncertainties that could cause actual results to differ significantly from those anticipated. Various risk factors influencing these outcomes are outlined, including market conditions, operational factors, legal and regulatory risks, and competition.

Additional details:

Tender Offer Units: 46000000

Tender Offer Expiration Date: 2025-04-01

Tender Offer Company: AllianceBernstein Holding L.P.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525070957

Filing Summary: On April 2, 2025, Equitable Holdings, Inc. announced the preliminary results of its tender offer to purchase up to 46,000,000 units representing beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. The offer expired at 5:00 p.m. on April 1, 2025. The announcement clarifies that the communication is for informational purposes only and is not an offer to purchase or a solicitation to sell any units or other securities. It includes forward-looking statements regarding management expectations and the potential effects on the company, highlighting various risks and uncertainties that could affect future performance.

Additional details:

Title Of Each Class: Common Stock

Tradingsymbol: EQH

Name Of Each Exchange: New York Stock Exchange

Title Of Each Class: Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series A

Tradingsymbol: EQH PR A

Name Of Each Exchange: New York Stock Exchange

Title Of Each Class: Depositary Shares, each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C

Tradingsymbol: EQH PR C

Name Of Each Exchange: New York Stock Exchange

Form Type: SC TO-I

Filing Date: 2025-03-12

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525052569

Filing Summary: Equitable Holdings, Inc. filed a Tender Offer Statement under Schedule TO to purchase for cash all outstanding depositary shares, each representing a 1/25th interest in a share of its 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B. The filing is made pursuant to Rule 13e-4 under the Securities Exchange Act. The offer price is set at $1,000 per Series B Depositary Share, with additional payments for accrued, unpaid, and undeclared dividends from December 15, 2024, to the settlement date. As of March 11, 2025, there are 444,333 Series B Depositary Shares outstanding. This offer is part of Equitable Holdings’ strategic financial activities and complies with regulatory requirements by incorporating significant information from the Offer to Purchase dated March 12, 2025.

Additional details:

Tender Offer Price: 1000

Number Of Depository Shares Outstanding: 444333

Dividends Accrued From: 2024-12-15

Form Type: SC TO-I/A

Filing Date: 2025-03-12

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525053051

Filing Summary: This document is an amendment to the Tender Offer Statement on Schedule TO, originally filed by Equitable Holdings, Inc. on March 12, 2025, in connection with its offer to purchase for cash any and all outstanding Series B Depositary Shares. Each Series B Depositary Share represents a 1/25th interest in a share of 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B. The tender offer price is set at $1,000 per Series B Depositary Share, along with accrued unpaid dividends. The amendment includes details about the pricing of a $500 million offering of junior subordinated debt securities, intended to finance the tender offer. The offering is to close on March 26, 2025, subject to customary conditions.

Additional details:

Title Of Class Of Securities: Depositary Shares representing a 1/25th interest in a share of 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B

Cusip Number: 29452E AA9

Tender Offer Price: $1,000 per Series B Depositary Share

Junior Subordinated Debt Securities Offering: $500 million in aggregate principal

Closing Date Of Offering: 2025-03-26

Source Of Funds: net proceeds from the Junior Subordinated Debt Securities Offering and cash on hand

Form Type: 8-K

Filing Date: 2025-02-24

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525032727

Filing Summary: On February 24, 2025, Equitable Holdings, Inc. announced a tender offer to purchase up to 46,000,000 units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. at a price of $38.50 per unit, totaling an aggregate purchase price of approximately $1.8 billion. The tender offer will be funded using a $500 million senior unsecured delayed-draw term loan, along with available cash and cash equivalents. The tender offer statement has been filed with the SEC and includes important information for unitholders. Related expenses for the tender offer will also be covered using these funds. The tender offer is part of a broader financial strategy as the company navigates its obligations and seeks to optimize its capital structure through the RGA Reinsurance Transaction expected to close in mid-2025.

Additional details:

Date Of Report: 2025-02-21

Term Loan Amount: $500 million

Purchase Price Per Unit: $38.50

Aggregate Purchase Price: $1.8 billion

Units To Be Purchased: 46,000,000

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