The Hartford Financial Services Group in $800 Million Debt Tender Offers and $300 Million Senior Notes Offering

April 18, 2013

Cleary Gottlieb represented The Hartford Financial Services Group in various aspects of its recently announced capital management plan. On the debt reduction side of the plan, the first step included its Dutch Auction and Waterfall tender offers for senior debt in an aggregate principal amount of $800 million. Settlement of the tender offers occurred on March 26.

The Hartford’s capital management plan also included the issuance of new long term senior debt. Cleary Gottlieb represented The Hartford in its SEC registered shelf takedown of $300 million principal amount of senior debt. The offering priced on April 15 and closed on April 18.

The Hartford, a Fortune 100 company, is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide.