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Loews Corp Prices $1.0 Billion Offering Of Senior Notes


Thursday, 2 May 2013 04:31pm EDT 

Loews Corp announced that it has priced a public offering of $1.0 billion aggregate principal amount of senior notes consisting of $500 million of 2.625% senior notes due 2023 and $500 million of 4.125% senior notes due 2043. Loews expects the offering to close on May 7, 2013, subject to customary closing conditions. Loews intends to use the net proceeds from the offering for general corporate purposes. Barclays, J.P. Morgan, BofA Merrill Lynch, Citigroup, and Wells Fargo Securities are acting as joint book-running managers for the offering. 

Company Quote

43.9
-0.4 -0.90%
4:04pm EDT