Lincoln National Corporation recently executed a significant financial transaction under its existing Facility Agreement with Belrose Funding Trust and The Bank of New York Mellon. On May 13, 2025, the company utilized its issuance rights to issue $500 million in 2.330% Senior Notes due 2030. This move was part of a strategic exchange for principal and interest strips of U.S. Treasury securities held by Belrose Funding Trust. The Facility Agreement, initially established in August 2020, facilitated this transaction, underlining Lincoln National Corporation's proactive financial management and strategic utilization of its financial instruments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.