Prudential Insurance Offers $350 Million in Notes

September 22, 2016

Prudential offered $350 million of 1.450% Fixed Rate Notes due 2019.

Willkie recently represented The Prudential Insurance Company of America in its offering of $350 million of 1.450% Fixed Rate Notes due 2019 issued by PRICOA Global Funding I.  The Notes are secured by funding agreements issued by The Prudential Insurance Company of America.  Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and U.S. Bancorp Investments, Inc. served as initial purchasers for the transaction.

The note offering was led by partners Vladimir Nicenko and Benjamin Nixon and associate Dunia Rkein. Senior counsel Donald Henderson and associate Marisa Matays advised on regulatory matters, counsel Catherine Harrington provided tax advice and counsel Cindy Chernuchin advised on security interest matters.