National Life Insurance Company Announces Expiration Of And Results For Previously Announced Private Exchange Offer For Any And All Of Its…
National Life Insurance Company Announces Expiration Of And Results For Previously Announced Private Exchange Offer For Any And All Of Its Outstanding 10.50% Surplus Notes Due 2039
By a
As of the previously announced Expiration Time of
Holders of Existing Notes validly tendered (and not validly withdrawn) in the Exchange Offer will receive accrued and unpaid interest to, but not including, the Settlement Date in cash on all such Existing Notes validly tendered and accepted for exchange pursuant to the Exchange Offer.
National Life expects to accept for exchange all Existing Notes that were validly tendered and not validly withdrawn in the Exchange Offer.
The Exchange Offer was made solely to Eligible Holders upon the terms and subject to the conditions set forth in the confidential offering memorandum, as amended (the "Offering Memorandum"), and the related letter of transmittal (the "Letter of Transmittal") and notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offering Memorandum and Letter of Transmittal, the "Exchange Offer Materials"), each dated
The Exchange Offer was made only (a) in
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Exchange Offer was made and the New 2068 Surplus Notes were offered only to holders who have certified that they are eligible to participate in the Exchange Offer as either "qualified institutional buyers" or holders that are not "
Keywords for this news article include: Business, Financial Companies, Life Insurance Companies,
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