Monday, May 22, 2006

 

Lincoln Financial Group Completes Merger Financing

Lincoln National Corporation today announced the recent completion of its offering of $800 million of 7% Capital Securities due 2066. Lincoln used the proceeds of this offering along with the proceeds from its recent offerings of senior notes, capital securities and cash from the sale of various equity investments to repay the bridge facility used to finance the cash portion of the merger consideration paid to shareholders of Jefferson Pilot along with its accelerated stock repurchase program.

Lincoln Financial Group Completes Merger Financing
Source: Yahoo! Finance

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