Jackson Financial Inc. Announces $750 Million Senior Notes Offering

Jackson Financial Inc. has issued $750 million in aggregate principal amount of 6.150% Senior Notes due 2037. The notes mature on January 15, 2037, with interest payable semi-annually. The company can redeem the notes under certain conditions before maturity, including a 'Par Call Date' on October 15, 2036. The notes are unsecured and were issued under an indenture dated November 23, 2021, as supplemented. The indenture includes covenants restricting the company's ability to incur secured debt, dispose of capital stock of Jackson National Life Insurance Company, or merge or consolidate. The net proceeds are intended for general corporate purposes, potentially including the repayment of other senior notes and surplus notes. The offering was made through an Underwriting Agreement with several underwriters, including Deutsche Bank Securities Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and SG Americas Securities, LLC. The notes were sold pursuant to a registration statement on Form S-3.