, /PRNewswire/ -- Unum Group (NYSE: ) announced today that it has completed an offering of $400 million aggregate principal amount of senior notes due in 2054 with an annual coupon rate of 6.00 percent. The net proceeds from the sale of the senior notes are intended to be used to repay, in full, the $350 million aggregate principal amount of outstanding indebtedness under the company's senior unsecured delayed draw term loan facility, together with accrued interest and any fees and related expenses, and the balance of the net proceeds will be used for general corporate purposes, which could include additional redemptions or repurchases of outstanding debt.
Goldman Sachs & Co. LLC, HSBC Securities ( ) Inc., PNC Capital Markets LLC and Truist Securities, Inc.
were joint active book-running managers. A prospectus supplement, dated June 5, 2024, and the accompanying base prospectus, dated April 28, 2023, relating to the senior notes may be obtained by searching the company's filings on the U.S.
Securities and Exchange Commission's website at or by visiting the "SEC Filings" page on the Investors section of the company's website, which can be accessed directly at . This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction.
