By Cristal Cody
Chicago, March 25 – Pacific Life Global Funding II priced $300 million of three-year funding agreement-backed floating-rate notes on Thursday, according to a market source.
The coupon will be based on SOFR plus 80 basis points.
Credit Suisse Securities (USA) LLC was the bookrunner.
Pacific Life Global Funding II is part of Newport Beach, Calif.-based insurance company Pacific Life Insurance Co.
| Issuer: | Pacific Life Global Funding II
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| Amount: | $300 million
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| Issue: | Funding agreement-backed floating-rate notes
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| Maturity: | March 30, 2025
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| Bookrunner: | Credit Suisse Securities (USA) LLC
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| Coupon: | SOFR plus 80 bps
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| Pricing date: | March 24
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