New Issue: Unum prices $400 million 4% 10-year senior notes at 190 bps spread

By Cristal Cody

Tupelo, Miss., June 10 – Unum Group priced $400 million of 4% 10-year senior notes (Baa2/BBB/BBB) on Monday at 99.633 to yield 4.045% and a spread of 190 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Deutsche Bank Securities Inc. were the bookrunners.

Proceeds will be used for general corporate purposes, including to repay at maturity the company’s 5.625% senior notes due September 2020.

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

Issuer:	Unum Group
Amount:	$400 million
Description:	Senior notes
Maturity:	June 15, 2029
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Deutsche Bank Securities Inc.
Co-managers:	BB&T Capital Markets, BNY Mellon Capital Markets, LLC, BofA Securities, Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Regions Securities LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC
Coupon:	4%
Price:	99.633
Yield:	4.045%
Spread:	Treasuries plus 190 bps
Call features:	Make-whole call before March 15, 2029 at Treasuries plus 30 bps; thereafter at par
Trade date:	June 10
Settlement date:	June 13
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB
Distribution:	SEC registered
Marketing:	Fixed income investor calls

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