NEW YORK--(BUSINESS WIRE)--
Voya Financial, Inc. (NYSE: VOYA) (“Voya” or the “Company”) announced
today that it has called for the redemption of all of its 5.500% Senior
Notes due 2022 (the “2022 Notes”), of which $96,791,000 aggregate
principal amount is outstanding. The 2022 Notes will be redeemed on July
12, 2019 at a redemption price equal to the greater of (i) 100% of the
principal amount of the 2022 Notes to be redeemed plus accrued and
unpaid interest to, but excluding, the Redemption Date, or (ii) the
Make-Whole Redemption Amount (the “Redemption Price”). The Company
intends to fund the redemption amount from the net proceeds it expects
to receive from its recent registered public offering of $300 million
aggregate principal amount of depositary shares representing interests
in its 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B.
COMMENTARY REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release, including those describing the
redemption and the anticipated source of funds for the redemption,
constitute forward-looking statements. These statements are not
historical facts but instead represent only Voya’s belief regarding
future events. It is possible that actual results will differ, possibly
materially, from the anticipated results indicated in these statements.
Factors that may cause actual results to differ from those in any
forward-looking statement also include those described under “Risk
Factors,” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations-Trends and Uncertainties” in Voya’s
Annual Report on Form 10-K for the year ended December 31, 2018, filed
with the SEC on March 14, 2019, in Voya’s Quarterly Report on Form 10-Q
for the quarter ended March 31, 2019, filed with the SEC on May 8, 2019,
and the other filings Voya makes with the SEC.
About Voya Financial
®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and
protect their savings — to get ready to retire better. Serving the
financial needs of approximately 13.8 million individual and
institutional customers in the United States, Voya is a Fortune 500
company that had $8.5 billion in revenue in 2018. The company had $547
billion in total assets under management and administration as of March
31, 2019. With a clear mission to make a secure financial future
possible — one person, one family, one institution at a time — Voya’s
vision is to be America’s Retirement Company®. Certified as a
“Great Place to Work” by the Great Place to Work® Institute,
Voya is equally committed to conducting business in a way that is
socially, environmentally, economically and ethically responsible. Voya
has been recognized as one of the 2019 World’s Most Ethical Companies®
by the Ethisphere Institute; as a member of the Bloomberg Gender
Equality Index; and as a “Best Place to Work for Disability Inclusion”
on the Disability Equality Index by Disability:IN.
VOYA-IR
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190612005899/en/
Media:
Christopher Breslin
212-309-8941
Christopher.Breslin@voya.com
Bill
Sutton
860-580-2626
William.Sutton@voya.com
Investors:
Michael Katz
212-309-8999
IR@voya.com
Mei
Ni Chu
212-309-8929
IR@voya.com
Source: Voya Financial, Inc.