Voya Financial Completes $400 Million Senior Notes Offering Due 2034
Voya Financial completed a registered public offering of $400 million of 5.000% Senior Notes due 2034 on September 20, 2024, with aggregate net proceeds of approximately $396.0 million. The company intends to use the proceeds for general corporate purposes, which may include repaying its $400 million 3.976% Senior Notes maturing February 15, 2025.
- Notes: $400 million principal, 5.000% interest, maturing September 20, 2034
- Net proceeds to Voya of approximately $396.0 million after commissions and estimated expenses
- Interest payable March 20 and September 20 each year, starting March 20, 2025
- Proceeds may repay $400 million of 3.976% Senior Notes due February 15, 2025