COLUMBUS, Ga., Dec. 10, 2019 /PRNewswire/ -- Aflac Incorporated
announced today that it has priced ¥38 billion principal amount of
fixed-rate, yen-denominated senior notes. The offering consists of
¥12.6 billion of 0.500% senior notes due 2029, ¥9.3 billion of
0.843% senior notes due 2031, ¥9.8 billion of 0.934% senior notes
due 2034, and ¥6.3 billion of 1.122% senior notes due 2039.
The company intends to use the net proceeds from this offering
to fund all or a portion of the redemption price of its 4.000%
senior notes due February 2022 (the
"2022 senior notes"), of which $350
million principal amount are outstanding. The company
intends to use proceeds in excess of such redemption price, if any,
for general corporate purposes.
This press release does not constitute a notice of redemption of
the 2022 senior notes. A notice of redemption will be sent to all
currently registered holders of the 2022 senior 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 800.254.2826.
This offering is being made pursuant to an effective shelf
registration statement previously filed by Aflac Incorporated with
the Securities and Exchange Commission (the "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 International
Plumtree Court, 25 Shoe Lane
London EC4A 4AU
Tel: +44 207 774 904
Mizuho Securities USA
LLC
320 Park Avenue, 12th Floor
New York, NY 10022
Tel: 866.271.7403
Morgan Stanley & Co. International plc
25 Cabot Square
Canary Wharf
London E14 4QA
United Kingdom
Tel: +44 20 7677 3409
SMBC Nikko Securities America, Inc.
Attn: Securities Operations
277 Park Avenue
New York, NY 10172
Tel: 888.868.6856
Email: prospectus@smbcnikko-si.com
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 Incorporated
Aflac Incorporated (NYSE:
AFL) is a Fortune 500 company, helping provide protection to more
than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading
supplemental insurer by paying cash fast when policyholders get
sick or injured. For more than six decades, insurance policies of
Aflac Incorporated's subsidiaries have given policyholders the
opportunity to focus on recovery, not financial stress. Aflac Life
Insurance Japan is the leading provider of medical and cancer
insurance in Japan where it
insures 1 in 4 households. Through its trailblazing One Day
PaySM initiative in the United
States, for eligible claims, Aflac can process, approve and
electronically send funds to claimants for quick access to cash in
just one business day. For 13 consecutive years, Aflac has been
recognized by Ethisphere as one of the World's Most Ethical
Companies. In 2018, Fortune magazine recognized Aflac as one of the
100 Best Companies to Work for in America for the 20th consecutive
year and in 2019 Fortune included Aflac on its list of World's Most
Admired Companies for the 18th time. To find out more about One Day
PaySM and learn how to get help with expenses health
insurance doesn't cover, get to know us at aflac.com.
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.
The company desires to take advantage of these provisions. This
press release 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," "outlook" 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.
The company cautions 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:
- events related to the ongoing Japan Post
investigation
- difficult conditions in global capital markets and the
economy
- exposure to significant interest rate risk
- concentration of business in Japan
- foreign currency fluctuations in the yen/dollar exchange
rate
- limited availability of acceptable yen-denominated
investments
- U.S. tax audit risk related to conversion of the
Japan branch to a
subsidiary
- deviations in actual experience from pricing and reserving
assumptions
- ability to continue to develop and implement improvements in
information technology systems
- competitive environment and ability to anticipate and
respond to market trends
- ability to protect the Aflac brand and the Company's
reputation
- ability to attract and retain qualified sales associates,
brokers, employees, and distribution partners
- 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
- failure to comply with restrictions on patient privacy and
information security
- extensive regulation and changes in law or regulation by
governmental authorities
- tax rates applicable to the Company may change
- defaults and credit downgrades of investments
- decline in creditworthiness of other financial
institutions
- significant valuation judgments in determination of amount
of impairments taken on the Company's investments
- subsidiaries' ability to pay dividends to the Parent
Company
- decreases in the Company's financial strength or debt
ratings
- inherent limitations to risk management policies and
procedures
- concentration of the Company's investments in any particular
single-issuer or sector
- differing judgments applied to investment
valuations
- ability to effectively manage key executive
succession
- catastrophic events including, but not necessarily limited
to, epidemics, pandemics, tornadoes, hurricanes, earthquakes,
tsunamis, war or other military action, terrorism or other acts of
violence, and damage incidental to such events
- changes in accounting standards
- increased expenses and reduced profitability resulting from
changes in assumptions for pension and other postretirement benefit
plans
- level and outcome of litigation
- allegations or determinations of worker misclassification in
the United States
Analyst and investor contact - David A.
Young, 706.596.3264, 800.235.2667 or dyoung@aflac.com
Media contact - Catherine H.
Blades, 706.596.3014; FAX: 706.320.2288 or
cblades@aflac.com
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SOURCE Aflac Incorporated