Loews ($L) completed a $500M public offering of 4.940% Senior Notes due 2036 on Feb 18, 2026.
Filed with the SEC on · Summarized by InvestorsBot
Loews ($L) completed a $500M public offering of 4.940% Senior Notes due 2036 on Feb 18, 2026. Interest paid semi‑annually Apr 1 & Oct 1, starting Oct 1, 2026. 🏦 #bonds #fixedincome
Offering made under Form S‑3 (filed Feb 7, 2024); prospectus supplement Feb 10, 2026. Underwriters (agreement Feb 10, 2026): J.P. Morgan, Barclays, MUFG & Wells Fargo. Legal opinion by Sullivan & Cromwell. 📄 $L #corporate #debt
Notes issued under existing Indenture; trustee The Bank of New York Mellon (successor to JPMorgan Chase). Redemption: pre‑Jan 1, 2036 at make‑whole (U.S. Treasury +12.5bps) + accrued; on/after Jan 1, 2036 at 100% + accrued. 🔁 $L #credit #investors