Lincoln National enters amended, restated unsecured credit agreement for up to $2 billion
Lincoln National Corp LNC | 34.20 | -0.70% |
Bank of America Corp BAC | 52.54 | -0.32% |
- Lincoln National entered a third amended and restated unsecured credit agreement on March 27, 2026 with a bank syndicate led by Bank of America as administrative agent.
- Facility permits borrowings or letters of credit up to $2 billion.
- Commitment termination date set for March 27, 2031.
- Pricing includes 1% annual fee on syndicated letters of credit.
- Agreement sets financial covenants, including maximum debt-to-capital ratio of 0.35 to 1.00.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln National Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-134604), on March 31, 2026, and is solely responsible for the information contained therein.
