Tender Offer - LINCOLN NATIONAL CORP

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.