Jackson Announces Closing of $1.6 Billion Senior Notes Offering
Jackson Financial Inc.1 (NYSE:JXN) (Jackson®) today announced it has closed a $1.6 billion senior notes offering. The senior notes offering is spread across three tranches: $600 million aggregate principal amount of 1.125% senior notes due 2023, $500 million aggregate principal amount of 3.125% senior notes due 2031 and $500 million aggregate principal amount of 4.000% senior notes due 2051.
Jackson intends to use the net proceeds from the issuance of the senior notes, together with cash on hand, to repay the $1.6 billion outstanding principal amount of its term loan due May 21, 2022.
The senior notes were sold in a private placement to qualified institutional buyers in accordance with Ru
