COLUMBUS, Ga., Dec. 10, 2019 /PRNewswire/ -- Aflac Incorporated announced today that it has priced ¥38 billion principal amount of fixed-rate, yen-denominated senior notes. The offering consists of ¥12.6 billion of 0.500% senior notes due 2029, ¥9.3 billion of 0.843% senior notes due 2031, ¥9.8 billion of 0.934% senior notes due 2034, and ¥6.3 billion of 1.122% senior notes due 2039.
The company intends to use the net proceeds from this offering to fund all or a portion of the redemption price of its 4.000% senior notes due February 2022 (the "2022 senior notes"), of which $350 million principal amount are outstanding. The company intends to use proceeds in excess of such redemption price, if any, for general corporate purposes.
This press release does not constitute a notice of redemption of the 2022 senior notes. A notice of redemption will be sent to all currently registered holders of the 2022 senior notes by the trustee, The Bank of New York Mellon Trust Company, N.A. Information about the notice of redemption and procedures for redemption may be obtained from The Bank of New York Mellon Trust Company, N.A. by calling 800.254.2826.
This offering is being made pursuant to an effective shelf registration statement previously filed by Aflac Incorporated with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus supplement and accompanying prospectus. You may obtain the registration statement and other documents that Aflac Incorporated has filed with the SEC that contain more complete information about Aflac Incorporated and this offering by contacting:
Goldman Sachs International
Plumtree Court, 25 Shoe Lane
London EC4A 4AU
Tel: +44 207 774 904
Mizuho Securities USA LLC
320 Park Avenue, 12th Floor
New York, NY 10022
Morgan Stanley & Co. International plc
25 Cabot Square
London E14 4QA
Tel: +44 20 7677 3409
SMBC Nikko Securities America, Inc.
Attn: Securities Operations
277 Park Avenue
New York, NY 10172
Alternatively, these documents may be obtained by visiting the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Aflac Incorporated
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company, helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan where it insures 1 in 4 households. Through its trailblazing One Day PaySM initiative in the United States, for eligible claims, Aflac can process, approve and electronically send funds to claimants for quick access to cash in just one business day. For 13 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2018, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for the 20th consecutive year and in 2019 Fortune included Aflac on its list of World's Most Admired Companies for the 18th time. To find out more about One Day PaySM and learn how to get help with expenses health insurance doesn't cover, get to know us at aflac.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. The company desires to take advantage of these provisions. This press release contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC). Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as "expect," "anticipate," "believe," "goal," "objective," "may," "should," "estimate," "intends," "projects," "will," "assumes," "potential," "target," "outlook" or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements.
The company cautions readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements:
Analyst and investor contact - David A. Young, 706.596.3264, 800.235.2667 or email@example.com
Media contact - Catherine H. Blades, 706.596.3014; FAX: 706.320.2288 or firstname.lastname@example.org
SOURCE Aflac Incorporated