The company said it closed the sale of an aggregate principal amount of $1,000,000,000 of its 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 on March 11, 2024.

8-KOther EventsFiled Mar 11, 2024Period of report Mar 11, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company said it closed the sale of an aggregate principal amount of $1,000,000,000 of its 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 on March 11, 2024.
The company entered into an Underwriting Agreement on March 6, 2024, with Wells Fargo Securities, LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC listed as representatives of the underwriters.
The company reported that it entered into the Subordinated Debt Securities Indenture on June 17, 2008 and the Twentieth Supplemental Indenture on March 11, 2024 with The Bank of New York Mellon as trustee, as listed in its exhibit index.
Prudential Financial filed as exhibits to this 8-K the opinion of Miguel A. Nieves dated March 11, 2024, the tax opinion of Willkie Farr & Gallagher LLP dated the same day, and consents from both firms.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Company Closes Sale of $1,000,000,000 Subordinated Debt

The company said it closed the sale of an aggregate principal amount of $1,000,000,000 of its 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 on March 11, 2024.

Source · Based on the filing body and exhibits

Underwriting Agreement Date and Lead Underwriters

The company entered into an Underwriting Agreement on March 6, 2024, with Wells Fargo Securities, LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC listed as representatives of the underwriters.

Source · Based on the filing body and exhibits

Additional Information

The company reported that it entered into the Subordinated Debt Securities Indenture on June 17, 2008 and the Twentieth Supplemental Indenture on March 11, 2024 with The Bank of New York Mellon as trustee, as listed in its exhibit index.

Source · Based on the filing body and exhibits

Legal and Tax Opinions and Consents Filed as Exhibits

Prudential Financial filed as exhibits to this 8-K the opinion of Miguel A. Nieves dated March 11, 2024, the tax opinion of Willkie Farr & Gallagher LLP dated the same day, and consents from both firms.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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