Equitable Holdings to redeem 2023 notes with new issue proceeds

By Cady Vishniac

Detroit, Jan. 5 – Equitable Holdings, Inc. plans to use the proceeds from its issuance of fixed-rate non-cumulative perpetual preferred stock, series C, to fund the partial redemption of its outstanding 3.9% senior notes due April 20, 2023, according to a 424B5 filing with the Securities and Exchange Commission.

There is $800 million of the notes outstanding.

Equitable Holdings is a New York-based diversified financial services company.

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