By Cristal Cody
Chicago, Dec. 6 – Mutual of Omaha Cos. Global Funding priced $400 million of 5.45% funding agreement-backed notes due 2028, according to information provided by a market source.
The senior secured notes priced at Treasuries plus 132 basis points. Initial talk had them coming in the Treasuries plus 155 bps area.
The deal was upsized from $300 million.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC were bookrunners for the Rule 144A and Regulation S deal.
Mutual of Omaha Insurance Co. is a mutual insurance and financial services company.
| Issuer: | Mutual of Omaha Cos. Global Funding
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| Amount: | $400 million
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| Issue: | Funding agreement-backed notes
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| Maturity: | Dec. 12, 2028
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| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC
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| Coupon: | 5.45%
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| Spread: | Treasuries plus 132 bps
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| Trade date: | Dec. 5
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 155 bps area
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