Tender Offer - LINCOLN NATIONAL CORP
Form Type: 8-K
Filing Date: 2025-05-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525127609
Filing Summary: On May 27, 2025, Lincoln National Corporation announced the early results and upsizing of its cash tender offer to purchase certain outstanding securities. The announcement included information about the pricing terms of the tender offer, with two press releases filed as Exhibits 99.1 and 99.2. This action reflects the company's strategic initiative to manage its outstanding securities and optimize its capital structure.
Additional details:
Item: early_results_press_release
Description: Press Release, dated May 27, 2025, announcing the early results and upsizing of the tender offer.
Item: pricing_terms_press_release
Description: Press Release, dated May 27, 2025, announcing the pricing terms of the tender offer.
Form Type: 8-K
Filing Date: 2025-05-12
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525117400
Filing Summary: On May 12, 2025, Lincoln National Corporation announced the commencement of a cash tender offer for various securities including Senior Notes and Capital Securities with a cap of $375,000,000 for purchase. The tender offer includes 4.375% Senior Notes due 2050, 4.350% Senior Notes due 2048, several Capital Securities, and Subordinated Notes with specific maximum amounts for some categories. The execution of the tender offer is contingent upon certain conditions including the issuance of a new series of Pre-Capitalized Trust Securities. Additionally, the company intends to exercise its right to issue $500,000,000 of 2.330% Senior Notes due 2030 to Trust I as part of the financing for the tender offer, expected to settle around May 15, 2025. This document serves for informational purposes and does not constitute an offer to sell or solicit any securities. The company also notes that forward-looking statements made are subject to risks and uncertainties that could cause actual results to differ.
Additional details:
Tender Offer Amount: 375000000
Tender Offer Notes Due: 2050, 2048, 2030, 2032
Maximum Subordinated Securities Amount: 220000000
New Notes Due Date: 2030
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