Voya Financial in $325 Million Offering

September 12, 2018

Cleary Gottlieb represented Voya Financial Inc. (Voya) in its $325 million offering of 6.125 percent fixed-rate reset non-cumulative preferred stock, Series A.

The offering priced on September 5, 2018, and settled on September 12, 2018. Net proceeds from the offering will be used to purchase debt securities issued by Voya Holdings Inc. and Voya under debt tender offers commenced by Voya on September 4, 2018, and to pay other related fees and expenses.

Voya, together with its affiliates (including Voya Holdings), is a premier retirement, investment, and insurance company with individual and institutional customers in the United States that offers its customers services to save, grow, protect, and enjoy their wealth, and has approximately 6,300 employees.