Unum Group completes junior subordinated notes offering

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that it has completed an offering of $300 million aggregate principal amount of junior subordinated notes due in 2058 with an annual coupon rate of 6.250 percent. The net proceeds of the offering are expected to be used to repay, redeem or repurchase $200 million aggregate principal amount of the company’s 7% Senior Notes due 2018, which have a maturity date of July 15, 2018, with the balance of the net proceeds to be used for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC were joint book-running managers.

A prospectus supplement, dated May 21, 2018, and the accompanying base prospectus, dated August 22, 2017, relating to the junior subordinated notes may be obtained by searching the company’s filings on the U.S. Securities and Exchange Commission’s website at www.investors.unum.com .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the junior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying base prospectus.

About Unum Group

Unum (NYSE: UNM), an international provider of workplace benefits and services, has been helping workers and their families for more than 170 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. In 2021, Unum reported revenues of $12.0 billion and paid $8.2 billion in benefits. The Fortune 500 company is one of the 2022 World’s Most Ethical Companies, recognized by Ethisphere®.


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