1. Unum Group issued $300 million in senior notes, maturing in 2035. 2. Proceeds will replace cash for prior debt repayment of $275 million. 3. The new notes have a 5.250% coupon rate, favorable for long-term financing. 4. Goldman Sachs and Wells Fargo managed the debt offering. 5. Unum continues to strengthen its financial position with strong revenue backing.
Issuing senior notes indicates a solid financial strategy, promoting stability and confidence among investors. Historically, companies that manage debt efficiently often experience positive stock performance, as seen with other firms reducing higher rate debt.
The successful issuance of senior notes will directly impact Unum’s debt structure and financial strategy, which is crucial for prospective investors and affects the market's perception of its growth potential.
The repayment of older debt and new financing can improve Unum's long-term financial health, attracting new investment and enhancing market reach.
Unum Group (NYSE:UNM) announced today that it has completed an offering of $300 million aggregate principal amount of senior notes due in 2035 with an annual coupon rate of 5.250 percent. The net proceeds from the sale of the senior notes will be used for general corporate purposes, including the replacement of cash and cash equivalents used to repay the $275 million aggregate principal amount of the company's 3.875% senior notes due 2025 that matured on November 5, 2025.
Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC were joint active book-running managers.
A prospectus supplement, dated November 6, 2025, and the accompanying base prospectus, dated April 28, 2023, relating to the senior notes may be obtained by searching the company's filings on the U.S. Securities and Exchange Commission's website at www.sec.gov or by visiting the "SEC Filings" page on the Investors section of the company's website, which can be accessed directly at investors.unum.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying base prospectus.
About Unum Group
Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2024, Unum Group reported revenues of more than $12.9 billion and paid approximately $8.0 billion in benefits. The Fortune 500 company is recognized as one of the World's Most Ethical Companies by Ethisphere®.
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Forward-Looking Statements
Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Unum Group and its subsidiaries. Unum Group's actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in Part 1, Item 1A (Risk Factors) of Unum Group's Annual Report on Form 10-K for the year ended December 31, 2024. The forward-looking statements in this release speak only as of the date of this release, and Unum Group does not undertake to update any particular forward-looking statement included in this release.
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MEDIA
Emily Downing-Baer
edowning@unum.com
INVESTORS
Matt Royal
investorrelations@unum.com