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Aflac intends to sell $900 million five-, 10-year senior notes Monday
By Aleesia Forni
Virginia Beach, March 9 – Aflac Inc. is set to sell $900 million of five-year and 10-year senior notes in Monday’s session, according to a market source and a filing with the Securities and Exchange Commission.
Bookrunners are Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Mizuho Securities.
The company plans to use the proceeds from the offering to fund the redemption if its $850 million 8.5% senior notes due 2019 and for general corporate purposes.
The company provides supplemental health and life insurance through its subsidiaries and is based in Columbus, Ga.
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