Lincoln National prices USD 500 million of 6.8% fixed-to-fixed reset subordinated notes due 2056

Lincoln National Corp

Lincoln National Corp

LNC

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  • Lincoln National priced USD 500 million of 6.800% Fixed-to-Fixed Reset Rate Subordinated Notes due 2056 at 100.
  • Offering closed June 29; underwriting discount set at 1%.
  • Coupon resets from July 15, 2036 to the five-year Treasury rate + 2.400%; interest paid semi-annually starting Jan. 15, 2027.
  • Net proceeds earmarked for general corporate purposes, including potential repurchase or redemption of its Series C or Series D preferred stock.


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: 0001193125-26-288480), on June 29, 2026, and is solely responsible for the information contained therein.