Voya Financial, Inc. Announces Redemption of All of its 3.125% Senior Notes Due 2024
October 29, 2021 at 06:15 pm IST
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Voya Financial, Inc. announced that it has called for the redemption of all of its 3.125% senior notes due 2024, of which $400,000,000 aggregate principal amount is outstanding. The 2024 notes will be redeemed on November 29, 2021 at a redemption price equal to the greater of 100% of the principal amount of the 2024 notes to be redeemed plus accrued and unpaid interest to, but excluding, the redemption date, or the make-whole redemption amount. The company intends to fund the redemption amount from cash on hand.
Voya Financial, Inc. is a provider of workplace benefits and savings solutions and technologies. Wealth Solutions segment provides retirement plan solutions and administration technology and services to employers. Its products and services include full-service and recordkeeping-only defined contribution plan administration; stable value and fixed general account investment products; and services to promote the financial well-being and retirement security of employees. Health Solutions segment provides worksite employee benefits, Health Account Solutions, leave management, financial wellness and decision support products and services to mid-size and large corporate employers and professional associations. Investment Management segment serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.