ING U.S. Announces $1 Billion Senior Notes Offering
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- ING U.S., Inc. (ING U.S.) announced a private offering of $1 billion principal amount of its 2.9% Senior Notes due 2018. The offering is expected to close on February 11, 2013.
ING U.S. intends to use the proceeds from the financing primarily for the repayment of commercial paper and other shorter term debt and for general corporate purposes.
About ING U.S.
ING U.S., Inc. (ING U.S.) is the U.S. parent company of the U.S.-based Retirement, Investment and Insurance operations of Amsterdam-based ING Groep N.V. (NYSE: ING). The ING U.S. family of companies offers a comprehensive array of financial services to retail and institutional clients, including life insurance, retirement plans, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits and financial planning.
SOURCE ING U.S., Inc.