Equitable Holdings, Inc. announced the early results of its cash tender offer for debt securities.
The company increased the Series Cap for Acceptance Priority 1 to $500,000,000.
Notes for Acceptance Priority Levels 2 and 3 will not be accepted for purchase.
Total Notes Tendered
$1,068,736,000 in aggregate principal amount of the Notes were tendered.
Acceptance Priority 1 Update
Series Cap increased to $500,000,000 in Acceptance Priority 1.
Tender Offer Details
Early Tender Premium of $50 per $1,000 principal amount of Notes.
- The company announced that no additional Notes will be accepted after the Early Tender Deadline.
- Notes tendered will be purchased, retired, and cancelled by the company on the Early Settlement Date.
Equitable Holdings' successful early tender offer indicates investor confidence and liquidity management strategies.