Insurer and investment manager Lincoln National Corp., which has operations in Hartford, has priced an offering of $300 million worth of 10-year fixed-rate senior notes with an annual interest rate of 6.25 percent.
The notes are due Feb. 15, 2020.
The Philadelphia company, also known as Lincoln Financial Holdings, will use the proceeds for general corporate purposes, including repaying $250 million worth of senior notes that come due March 12.
UBS Securities LLC and U.S. Bancorp Investments Inc. served as joint book-running managers. (AP)
