Lincoln National Corporation Prices Senior Notes Offering
PHILADELPHIA, December 8, 2009 Lincoln National Corporation (NYSE: LNC) today announced that it has priced an offering of senior notes. A total of $300 million principal amount of 10-year fixed rate senior notes due February 15, 2020, was issued with a coupon rate of 6.25 percent.
The company intends to use the proceeds from this offering for general corporate purposes, including, but not limited to, the repayment at maturity of the $250 million floating rate senior notes due on March 12, 2010. Pending the application of the proceeds, the company expects to temporarily invest the proceeds from this offering in short-term obligations.
UBS Securities LLC and U.S. Bancorp Investments, Inc. served as global coordinators and joint book-running managers.
This announcement does not constitute an offer to sell or the solicitation of any offer to buy the notes, nor shall there be any offer or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. A registration statement relating to these securities has been filed with the SEC and is effective.
A written prospectus and prospectus supplement relating to the notes being offered may be obtained from UBS Securities LLC, Attn: Prospectus Specialist, 299 Park Avenue, New York, NY 10171, toll-free number: 1-877-827-6444, ext. 561-3884 and U.S. Bancorp Investments, Inc., 214 N. Tryon Street, 26th Floor, EX-NC-WSTC, Charlotte, NC 28202, toll-free number: 1-877-558-2607. You may also get these documents for free by visiting the SEC Web site at www.sec.gov. Before you invest, you should read the prospectus and the prospectus supplement, the registration statement and other documents that Lincoln has filed with the SEC for more complete information about Lincoln and this offering.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the operating companies of Lincoln Financial Group had assets under management of $137 billion as of September 30, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.