Unum Group to redeem all 4.5% senior notes due 2025 on June 29

By Wendy Van Sickle

Columbus, Ohio, June 14 – Unum Group will redeem all $500 million of its 4.5% senior notes due Feb. 15, 2025 (Cusip: 91529YAQ9) on June 29, according to a news release.

The redemption price will be the greater of par and a make-whole amount set using Treasuries plus 50 basis points. Accrued interest will also be paid in either case.

The redemption will be funded from proceeds of a new issuance of $600 million of 4.125% 30-year senior notes.

Unum is an employee benefits provider based in Chattanooga, Tenn.

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