COLUMBUS, Ga., March 9, 2015 /PRNewswire/ -- Aflac Incorporated
announced today that it has priced $550
million (par value) of fixed-rate, senior notes due 2020
with a coupon of 2.40% and $450
million (par value) of fixed-rate, senior notes due 2025
with a coupon of 3.25%. The 2020 notes will be issued at a price of
99.972 with a re-offer yield of 2.406% and the 2025 notes will be
issued at a price of 99.602 with a re-offer yield of 3.297%.
The company intends to use the net proceeds from this offering
to fund all or a portion of the redemption price of its 8.50%
senior notes due 2019, of which $850,000,000 principal amount are outstanding.
The company intends to use proceeds in excess of such redemption
price, if any, for general corporate purposes. The 2019 notes were
issued in May 2009. The 2019 notes
will be redeemed at a redemption price that includes a make-whole
premium, plus any interest accrued and unpaid up to the redemption
date.
This press release does not constitute a notice of redemption of
the notes. A notice of redemption will be sent to all currently
registered holders of the 2019 notes by the trustee, The Bank of
New York Mellon Trust Company, N.A. Information about the notice of
redemption and procedures for redemption may be obtained from The
Bank of New York Mellon Trust Company, N.A. by calling
212.495.1784.
This offering is being made pursuant to an effective shelf
registration statement previously filed by Aflac Incorporated with
the Securities and Exchange Commission (SEC) and only by means of a
prospectus supplement and accompanying prospectus. You may obtain
the registration statement and other documents that Aflac
Incorporated has filed with the SEC that contain more complete
information about Aflac Incorporated and this offering by
contacting:
Goldman, Sachs & Co.
200 West Street
New York, NY 10282-2198
866.471.2526
J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
212.834.4533
Morgan Stanley & Co. LLC
1585 Broadway
New York, NY 10036
866.718.1649
Wells Fargo Securities, LLC
608 2nd Avenue
South Minneapolis, MN 55402
Attn: WFS Customer Service
800.645.3751
Alternatively, these documents may be obtained by visiting the
SEC website at www.sec.gov.
This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
About Aflac
When a policyholder gets sick or hurt,
Aflac pays cash benefits fast. For nearly six decades, Aflac
insurance policies have given policyholders the opportunity to
focus on recovery, not financial stress. In the United States, Aflac is the leading
provider of voluntary insurance at the work site. Through its
trailblazing One Day PaySM initiative, Aflac U.S. can
receive, process, approve and disburse payment for eligible claims
in one business day. In Japan,
Aflac is the leading provider of medical and cancer insurance and
insures one in four households. Aflac individual and group
insurance products help provide protection to more than 50 million
people worldwide. For nine consecutive years, Aflac has been
recognized by Ethisphere magazine as one of the World's Most
Ethical Companies. In 2015, Fortune magazine recognized Aflac as
one of the 100 Best Companies to Work For in America for the 17th
consecutive year. Also, in 2015, Fortune magazine included Aflac on
its list of Most Admired Companies for the 14th time, ranking the
company No. 1 in innovation for the insurance, life and health
category. Aflac Incorporated is a Fortune 500 company listed on the
New York Stock Exchange under the symbol AFL.
Forward-Looking Information
The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" to encourage
companies to provide prospective information, so long as those
informational statements are identified as forward-looking and are
accompanied by meaningful cautionary statements identifying
important factors that could cause actual results to differ
materially from those included in the forward-looking statements.
We desire to take advantage of these provisions. This document
contains cautionary statements identifying important factors that
could cause actual results to differ materially from those
projected herein, and in any other statements made by company
officials in communications with the financial community and
contained in documents filed with the Securities and Exchange
Commission (SEC).
Forward-looking statements are not based on historical
information and relate to future operations, strategies, financial
results or other developments. Furthermore, forward-looking
information is subject to numerous assumptions, risks and
uncertainties. In particular, statements containing words such as
"expect," "anticipate," "believe," "goal," "objective," "may,"
"should," "estimate," "intends," "projects," "will," "assumes,"
"potential," "target" or similar words as well as specific
projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such
forward-looking statements. We caution readers that the following
factors, in addition to other factors mentioned from time to time,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: difficult
conditions in global capital markets and the economy; governmental
actions for the purpose of stabilizing the financial markets;
defaults and credit downgrades of securities in our investment
portfolio; exposure to significant financial and capital markets
risk; fluctuations in foreign currency exchange rates; significant
changes in investment yield rates; credit and other risks
associated with Aflac's investment in perpetual securities;
differing judgments applied to investment valuations; significant
valuation judgments in determination of amount of impairments taken
on our investments; limited availability of acceptable
yen-denominated investments; concentration of our investments in
any particular single-issuer or sector concentration of business in
Japan; decline in creditworthiness
of other financial institutions; deviations in actual experience
from pricing and reserving assumptions; subsidiaries' ability to
pay dividends to Aflac Incorporated; changes in law or regulation
by governmental authorities; ability to attract and retain
qualified sales associates and employees; decreases in our
financial strength or debt ratings; ability to continue to develop
and implement improvements in information technology systems;
interruption in telecommunication, information technology and other
operational systems, or a failure to maintain the security,
confidentiality or privacy of sensitive data residing on such
systems; changes in U.S. and/or Japanese accounting standards;
failure to comply with restrictions on patient privacy and
information security; inability to recognize tax benefits
associated with capital loss carryforwards; level and outcome of
litigation; ability to effectively manage key executive succession;
catastrophic events including, but not necessarily limited to,
epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis,
acts of terrorism and damage incidental to such events; ongoing
changes in our industry; events that damage our reputation; and
failure of internal controls or corporate governance policies and
procedures.
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Analyst and investor contact – Robin Y.
Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330 or
rwilkey@aflac.com
Media contact – Catherine Blades,
706.596.3014; FAX: 706.320.2288 or cblades@aflac.com
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SOURCE Aflac Incorporated