Item 8.01. Other Events.
On July 7, 2021, Lincoln National Corporation (the "Company") announced that it
has commenced offers to exchange the Company's 7.00% Capital Securities due 2066
and 6.05% Capital Securities due 2067 (collectively, the "capital securities")
for newly issued subordinated notes with the same respective maturities (the
"subordinated notes"), and is also soliciting consents to amend the indentures
governing the capital securities to eliminate various terms and conditions and
other provisions (such offers to exchange together with such consent
solicitations, the "exchange offers"). The exchange offers are being made
pursuant to the terms and conditions set forth in the Company's preliminary
prospectus, dated as of July 7, 2021, included in the Company's registration
statement on Form S-4 relating to the issuance of the subordinated notes, which
was filed with the Securities and Exchange Commission on July 7, 2021, but has
not yet been declared effective.
Filed as Exhibit 99.1 and incorporated herein by reference is a copy of the
press release announcing the exchange offers.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Description
99.1 Press Release, dated July 7, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses