01—Abstract
Summary
Summary of the 8-K filed May 14, 2026. Cited figures are marked; the original filing is the authoritative source.
Aflac Incorporated announced on May 14, 2026, the successful issuance of $500,000,000a in aggregate principal amount of 5.150% Senior Notes due 2036.
This offering was made under the company's existing shelf registration statement and a prospectus supplement dated May 11, 2026. The proceeds from this debt issuance are designated for general corporate purposes. These Senior Notes are unsecured obligations, ranking equally with other existing and future unsecured senior indebtedness of Aflac.
The notes bear a fixed interest rate of 5.150%b per annum, with semi-annual payments due on May 14 and November 14, commencing November 14, 2026. The company retains the option to redeem the notes under specific conditions, including a "Par Call Date" three months prior to maturity, where redemption will be at par plus accrued interest.
02—Key points
Key Highlights
- Aflac Incorporated issued $500 million in 5.150% Senior Notes due 2036.
- Proceeds from the offering will be used for general corporate purposes.
- The notes are unsecured and rank equally with existing and future unsecured senior debt.
- Interest rate is fixed at 5.150% per annum, payable semi-annually.
- The company has the option to redeem the notes prior to maturity under specified conditions.
- The offering was conducted through an underwriting agreement with major financial institutions, including Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC.
- The issuance is governed by a Base Indenture and a Forty-Seventh Supplemental Indenture.
03—Questions
Frequently Asked Questions
What is the purpose of the $500 million Senior Notes offering?
The net proceeds from the offering of the 5.150% Senior Notes due 2036 are intended to be used for general corporate purposes by Aflac Incorporated.
What is the interest rate and payment schedule for the new Senior Notes?
The notes bear interest at a fixed rate of 5.150% per annum. Interest payments are scheduled to be made semi-annually in arrears on May 14 and November 14 of each year, beginning on November 14, 2026.
How do these new Senior Notes rank in terms of Aflac's debt?
The notes are general unsecured obligations of Aflac Incorporated and will rank equally in right of payment with any of the Company's existing and future unsecured senior indebtedness.
Can Aflac redeem these notes before their maturity date in 2036?
Yes, Aflac has the option to redeem the notes, in whole or in part, prior to maturity. Redemption before February 14, 2036 (the "Par Call Date") will be at a price based on the Treasury Rate plus 15 basis points, plus accrued interest. On or after the Par Call Date, the notes may be redeemed at 100% of the principal amount plus accrued and unpaid interest.
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