CHATTANOOGA, Tenn., June 10,
2024 /PRNewswire/ -- Unum Group (NYSE: UNM) 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 (USA) 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
www.sec.gov or by visiting the "SEC Filings" page on the Investors
section of the company's website, which can be accessed directly at
www.investors.unum.com.
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. Any
offer, solicitation or sale will be made only by means of the
prospectus supplement and the accompanying base prospectus.
About Unum Group
Unum Group (NYSE: UNM), a leading
international provider of workplace benefits and services, has been
helping workers and their families thrive for more than 175 years.
Through its Unum and Colonial Life brands, the company offers
disability, life, accident, critical illness, dental, vision and
stop-loss insurance; leave and absence management support; and
behavioral health services. In 2023, Unum Group reported
revenues of more than $12 billion and
paid approximately $8 billion in
benefits. The Fortune 500 company is recognized as one of the
World's Most Ethical Companies by Ethisphere®.
Visit the Unum Group newsroom for more information, and connect
with us on LinkedIn, Facebook and Instagram.
Forward-Looking Statements
Certain statements in this
release constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on management's current
expectations and beliefs concerning future developments and their
potential effects upon Unum Group and its subsidiaries. Unum
Group's actual results may differ, possibly materially, from
expectations or estimates reflected in such forward-looking
statements. Certain important factors that could cause actual
results to differ, possibly materially, from expectations or
estimates reflected in such forward-looking statements can be found
in Part 1, Item 1A (Risk Factors) of Unum Group's Annual Report on
Form 10-K for the year ended December 31,
2023. The forward-looking statements in this release speak
only as of the date of this release, and Unum Group does not
undertake to update any particular forward-looking statement
included in this release.
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SOURCE Unum Group
