Voya Financial, Inc. Prices Offering of $350 Million of Junior Subordinated Notes
January 19, 2018 at 05:25 am IST
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Voya Financial, Inc. announced that it has priced a private placement of $350 million aggregate principal amount of 4.7% fixed-to-floating rate Junior Subordinated Notes due 2048 (the Notes). The Notes will be guaranteed on an unsecured, junior subordinated basis by Voya Holdings Inc. The offering is subject to customary closing conditions and is expected to close on January 23, 2018.
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.