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Sept. 20, 2012 /PRNewswire/ -- Aflac Incorporated announced that it priced
$450 million of subordinated debentures with a coupon of 5.50% on
September 19, 2012. The subordinated debentures will mature in 2052 and are redeemable in whole or in part after five years at a redemption price equal to their principal amount. The company intends to use the net proceeds from this offering for general corporate purposes.
Regarding the debt offering, Aflac Incorporated President and Chief Financial Officer
Kriss Cloninger III commented, "We have taken advantage of favorable market conditions to further strengthen our liquidity and capital position while enhancing our financial flexibility."
Morgan Stanley & Co. LLC, Goldman Sachs & Co., J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC served as joint book-running managers for the transaction.
Aflac Incorporated has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. 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:
Morgan Stanley & Co. LLC1585 Broadway
New York, NY 10036866.718.1649
Goldman Sachs & Co.200 West Street
New York, NY 10282-2198866.471.2526
J.P. Morgan Securities, LLC383 Madison Avenue
New York, NY 10179212.834.4533
Wells Fargo Securities, LLC 1525 West W.T. Harris Blvd. NC0675
Charlotte, NC 28262Attn: Capital Markets Client Support 800.326.5897
Alternatively, these documents may be obtained by visiting the SEC website at
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In
the United States, Aflac is the number one provider of guaranteed-renewable insurance. In
Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac individual and group insurance products provide protection to more than 50 million people worldwide. For six consecutive years, Aflac has been recognized by
Ethisphere magazine as one of the World's Most Ethical Companies. In 2012, FORTUNE magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 14
th consecutive year. Also, FORTUNE magazine included Aflac on its list of Most Admired Companies for the 11
th time in 2012. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or espanol.aflac.com.
FORWARD-LOOKING INFORMATIONThe 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. We desire to take advantage of these provisions. This document 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" 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. We caution 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: difficult conditions in global capital markets and the economy; governmental actions for the purpose of stabilizing the financial markets; defaults and credit downgrades of securities in our investment portfolio; impairment of financial institutions; credit and other risks associated with Aflac's investment in perpetual securities; differing judgments applied to investment valuations; significant valuation judgments in determination of amount of impairments taken on our investments; limited availability of acceptable yen-denominated investments; concentration of our investments in any particular single-issuer or sector; concentration of business in Japan; ongoing changes in our industry; exposure to significant financial and capital markets risk; fluctuations in foreign currency exchange rates; significant changes in investment yield rates; deviations in actual experience from pricing and reserving assumptions; subsidiaries' ability to pay dividends to Aflac Incorporated; changes in law or regulation by governmental authorities; ability to attract and retain qualified sales associates and employees; decreases in our financial strength or debt ratings; ability to continue to develop and implement improvements in information technology systems; changes in U.S. and/or Japanese accounting standards; failure to comply with restrictions on patient privacy and information security; level and outcome of litigation; ability to effectively manage key executive succession; impact of the recent earthquake and tsunami natural disaster and related events at the nuclear plant in Japan and their aftermath; catastrophic events including, but not necessarily limited to, tornadoes, hurricanes, earthquakes, tsunamis, and damage incidental to such events; and failure of internal controls or corporate governance policies and procedures.
Analyst and investor contact –
Robin Y. Wilkey, 706.596.3264 or 800.235.2667, FAX: 706.324.6330, or
Media contact –
Laura Kane, 706.596.3493, FAX: 706.320.2288, or
SOURCE Aflac Incorporated