Equitable (EQH) said Tuesday that $752.2 million of the 4.35% senior notes due 2028 in its cash tender offer were validly tendered as of the early tender deadline of Monday, surpassing its cap of $500 million.
As a result, any tendered notes from the 7% senior debentures due 2028 and 5% senior notes due 2048 will not be accepted for purchase, the company said.
Equitable said it also does not expect to accept any additional notes tendered after the early tender deadline.
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