New York, Jan. 16 - Pacific LifeCorp said it priced $500 million of 5.125% senior notes due 2043.
The securities were sold under Rule 144A and Regulation S.
Procees will be used to fund the previously announced tender offer by Pacific Life Insurance Co. for its 9.25% surplus notes due 2039 and for general corporate purposes.
. Pacific LifeCorp is based in Newport Beach, Calif., and is the parent of Pacific Life Insurance Co., which provides life insurance products, annuities, mutual funds and investment products.
Issuer: | Pacific LifeCorp
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Issue: | Senior notes
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Amount: | $500 million
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Maturity: | 2043
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Coupon: | 5.125%
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Pricing date: | Jan. 16
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Distribution: | Rule 144A, Regulation S
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