Monday, June 15, 2009

 

Lincoln National Plans to Raise $2.1 Billion in Capital

Lincoln National Corp. is aiming to raise $2.1 billion in capital, including a $600 million common-stock offering, as part of its broader program to bolster capital levels and reduce debt.

The insurance holding company also plans to sell $500 million in senior debt and $950 million in preferred stock under the Treasury's Capital Purchase Program...

WSJ: Lincoln National Plans to Raise $2.1 Billion in Capital (Subscription required)

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