TMK Torchmark Corp

 
TIDMTMK 
 
Torchmark Prices Junior Subordinated Debentures Offering 
 
MCKINNEY, Texas, March 30, 2016 -- Torchmark Corporation (NYSE: TMK) announced 
today that it has priced an offering of $300 million in aggregate principal 
amount of its 6.125% Junior Subordinated Debentures that will mature in 2056. 
The debentures are redeemable, in whole or in part, at a redemption price equal 
to their principal amount on or after June 15, 2021, or earlier under certain 
circumstances. Torchmark expects the offering of the debentures to close on 
April 5, 2016, subject to the satisfaction of customary closing conditions. The 
net proceeds of the offering are expected to be used to redeem all of the $250 
million of 6.375% Senior Notes due 2016 and for general corporate purposes. 
 
The debentures are being offered pursuant to an effective shelf registration 
statement previously filed with the Securities and Exchange Commission ("SEC"), 
and a preliminary prospectus supplement and accompanying prospectus describing 
the terms of the offering have been filed with the SEC. Copies of the 
preliminary prospectus supplement and accompanying prospectus relating to the 
offer and sale of the debentures may be obtained for free by visiting EDGAR on 
the SEC Web site at http://www.sec.gov/. Alternatively, copies may be obtained 
from: 
 
Merrill Lynch, Pierce, Fenner & Smith, Incorporated 
222 Broadway 
New York, NY 10038 
Attn: Prospectus Department 
1-800-294-1322 
 
Morgan Stanley & Co. LLC 
180 Varick Street 
New York, NY 10014 
Attention: Prospectus Department 
1-866-718-1649 
 
Wells Fargo Securities, LLC 
608 2nd Avenue South, Suite 1000 
Minneapolis, MN 55402 
Attn: WFS Customer Service 
1-800-645-3751 
 
This press release does not constitute an offer to sell or a solicitation of an 
offer to buy any of the debentures or any other securities, nor will there be 
any sale of the debentures or any other securities in any state or jurisdiction 
in which such an offer, solicitation or sale is not permitted. 
 
About Torchmark 
 
Torchmark Corporation is a holding company specializing in life and 
supplemental health insurance for "middle income" Americans marketed through 
multiple distribution channels including direct response, and exclusive and 
independent agencies. Torchmark has several nationally recognized insurance 
subsidiaries. Globe Life And Accident is a direct-response provider of life 
insurance known for its administrative efficiencies. American Income Life 
provides individual life insurance to working families. Liberty National Life 
is one of the oldest traditional life insurers in the Southeast. United 
American is a consumer-oriented provider of supplemental life and health 
insurance. Family Heritage Life provides individual supplemental health 
insurance. 
 
Caution Regarding Forward-Looking Statements 
 
This press release may contain forward-looking statements within the meaning of 
the federal securities laws. These prospective statements reflect management's 
current expectations, but are not guarantees of future performance. 
Accordingly, please refer to Torchmark's cautionary statement regarding 
forward-looking statements, and the business environment in which the Company 
operates, contained in the Company's Form 10-K for the year ended December 31, 
2015, and any subsequent Forms 10-Q on file with the Securities and Exchange 
Commission. Torchmark specifically disclaims any obligation to update or revise 
any forward-looking statement because of new information, future developments 
or otherwise. 
 
SOURCE  Torchmark Corporation 
 
 
 
END 
 

(END) Dow Jones Newswires

March 30, 2016 09:59 ET (13:59 GMT)

Torchmark Corp (LSE:TMK)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Torchmark Corp (LSE:TMK)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024