Aflac Incorporated (NYSE: AFL) announced today that it has priced $750 million (par value) of 10-year fixed-rate, senior notes with a coupon of 3.625%. The 10-year notes will be issued at a price of 99.899 with a re-offer yield of 3.637%. The company intends to use the net proceeds from this offering for general corporate purposes, including capital contributions to subsidiaries, if needed. The transaction is expected to settle on November 7, 2014, subject to customary closing conditions.

Commenting on the pricing of the debt issue, Aflac Incorporated President and Chief Financial Officer Kriss Cloninger III commented: "This debt issuance allows us to take advantage of favorable market conditions and further strengthens our liquidity and capital position." 

Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC served as joint active book-running managers for the transaction. 

This offering is being made pursuant to an effective shelf registration statement previously filed by Aflac Incorporated with the Securities and Exchange Commission (SEC) and only by means of a prospectus supplement and accompanying prospectus. You may obtain the registration statement and other documents that Aflac Incorporated has filed with the SEC that contain more complete information about Aflac Incorporated and this offering by contacting: 

Goldman, Sachs & Co. 
200 West Street 
New York, NY 10282-2198 
866.471.2526

Mizuho Securities USA Inc. 
320 Park Avenue 
12th Floor 
New York, NY 10022 
866.271.7403

Morgan Stanley & Co. LLC 
1585 Broadway 
New York, NY 10036 
866.718.1649

Wells Fargo Securities, LLC  
608 2nd Avenue 
South Minneapolis, MN 55402 
Attn: WFS Customer Service  
800.645.3751

Alternatively, these documents may be obtained by visiting the SEC website at www.sec.gov. 

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.