Lincoln National Corporation (NYSE: LNC) has announced the pricing of an offering of senior notes. A total of $300 million principal amount of 10 year fixed rate senior notes due February 15, 2020, were issued. The coupon rate on the notes is 6.25%.The company plans to use their net proceeds from the offering for general corporate purposes which would include the repayment of the $250 million floating rate senior notes due on March 12, 2010.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the operating companies of Lincoln Financial Group had assets under management of $137 billion as of September 30, 2009.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
