Jackson Financial signs $1.25 billion revolving credit deal maturing June 30, 2031
On June 30, 2026, Jackson Financial entered a revolving credit agreement with aggregate commitments of $1.25 billion, led by Wells Fargo as administrative agent. The new agreement replaces the company's $1 billion 2023 credit facility, which was scheduled to terminate in February 2028, and the filing describes its covenants as substantially similar to that earlier agreement.
Key points
- Aggregate commitments of $1.25 billion, with a $500 million sub-limit for letters of credit and a possible increase of up to $500 million on request
- Replaces the $1 billion credit agreement dated February 24, 2023, which was scheduled to terminate in February 2028
- Commitments terminate June 30, 2031, with two one-year extension options subject to required bank approval
- Borrowings are unsecured, priced at Term SOFR plus 1.125% to 1.875% or Base Rate plus 0.125% to 0.875%, based on the company's senior debt ratings
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.