VOYA Financial Inc just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
We expect that the net proceeds of this offering will be approximately $ million (or $ million if the underwriters exercise in full their option to purchase additional Depositary Shares, assuming all Depositary Shares sold pursuant to the option are sold to retail investors), after deducting the underwriting discount payable to the underwriters and estimated expenses of this offering payable by us. We intend to use the net proceeds of this offering to redeem or repurchase all or a portion of the $96.8 million outstanding principal amount of the 2022 Notes. The remainder of the proceeds will be used for general corporate purposes. The foregoing does not constitute a notice of redemption or an obligation to issue a notice of redemption for the 2022 Notes.
The underwriters or their affiliates may hold a portion of the 2022 Notes and accordingly may receive a portion of the net proceeds of this offering.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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