Aflac Incorporated Announces Notes Tender Offer
Staff Report From Metro Atlanta CEO
Tuesday, December 6th, 2016
Aflac Incorporated announced it has commenced a tender offer to purchase for cash up to a purchase price of $400,000,000 (excluding accrued interest, fees and expenses) of its 6.900% Senior Notes due 2039 and its 6.45% Senior Notes due 2040. The amounts of each series of Notes to be purchased will be determined in accordance with the acceptance priority levels specified in the table below in the column entitled "Acceptance Priority Level", with 1 being the highest Acceptance Priority Level.
The following table sets forth some of the terms of the Tender Offer:
|
Title of |
CUSIP |
Principal |
Acceptance |
Reference |
Bloomberg |
Fixed |
Early |
Hypothetical |
|
6.900% Senior |
001055AD4 |
$400,000,000 |
1 |
2.25% UST |
FIT1 |
110 |
$50 |
$1,400.08 |
|
6.45% Senior |
001055AF9 |
$450,000,000 |
2 |
2.25% UST |
FIT1 |
110 |
$50 |
$1,339.60 |
|
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|
|
(1) |
The applicable page on Bloomberg from which the Dealer Managers will quote the bid-side prices of the applicable U.S. Treasury Security. |
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(2) |
Per $1,000 principal amount of Notes validly tendered and accepted for purchase. Does not include Accrued Interest (defined below), which will be paid on Notes accepted for purchase. |
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(3) |
The hypothetical Total Consideration for the Notes of each series is calculated as of 11:00 a.m., New York City time, on December 2, 2016. The actual Total Consideration will be determined at 11:00 a.m., New York City time, on December 19, 2016 unless extended by Aflac |
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