By Cristal Cody
Tupelo, Miss., Sept. 14 – OneAmerica Financial Partners, Inc. priced an upsized $400 million of 4.25% 30-year senior notes (A-/BBB+) on Monday at a Treasuries plus 287.5 basis points spread, a market source said.
Initial guidance was at the 312.5 bps spread area.
The deal was upsized from $350 million.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC were the bookrunners.
The company held fixed income investor calls for the Rule 144A and Regulation S offering last week.
Proceeds will be used for general corporate purposes.
OneAmerica Financial Partners is a mutual insurance holding company based in Indianapolis.
| Issuer: | OneAmerica Financial Partners, Inc.
|
| Amount: | $400 million
|
| Maturity: | Oct. 15, 2050
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| Description: | Senior notes
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| Bookrunners: | Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
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| Coupon: | 4.25%
|
| Spread: | Treasuries plus 287.5 bps
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| Trade date: | Sept. 14
|
| Ratings: | S&P: A-
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price guidance: | Treasuries plus 312.5 bps area
|
| Marketing: | Fixed income investor calls
|
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