Lincoln National: $1 Billion Issuance of Pre-Capitalized Trust Securities
Deal News | May 20, 2025 | Wachtell, Lipton, Rosen & Katz
Lincoln National Corporation has completed the exercise of its issuance right and has conducted the sale of $1 billion in Pre-Capitalized Trust Securities through Belrose Funding Trust II. The issuance, which took place on May 20, 2025, is pursuant to a purchase agreement dated May 13, 2025, involving Belrose Funding Trust II. Wachtell, Lipton, Rosen & Katz acted as the legal advisor for this transaction.
Sectors
- Financial Services
- Legal Services
Geography
- United States – Lincoln National Corporation and Wachtell, Lipton, Rosen & Katz are both based in the United States.
Industry
- Financial Services – The article involves Lincoln National Corporation, a company operating in the financial services sector.
- Legal Services – Wachtell, Lipton, Rosen & Katz, acting as the legal advisor, falls within the legal services industry.
Financials
- $1 billion – The total amount of Pre-Capitalized Trust Securities issued and sold by Lincoln National.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lincoln National Corporation | Issuer | Company | A large financial services company engaged in the issuance of trust securities. |
| Belrose Funding Trust II | Seller | Company | A trust involved in the issuance and sale of the securities. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Acted as the legal advisor for Lincoln National Corporation. |