8-KOther EventsExhibits & Filings

ALLSTATE CORP 8-K Report, Corporate Update (Mar 23, 2006)

Filed March 23, 2006For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

The Allstate Corporation (ALL) filed an 8-K on March 23, 2006, to report on the issuance of new debt securities. Specifically, the company executed an Underwriting Agreement on March 21, 2006, with J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated, among other underwriters, to issue $650,000,000 in aggregate principal amount of 5.95% Senior Notes Due 2036. These new notes will be issued under a Thirteenth Supplemental Indenture, which is expected to be dated as of March 24, 2006. This filing is part of a broader shelf registration process, referencing a previous Form S-3 filed in 2003 that covers debt securities issuable under existing indentures. Investors should note that this filing primarily concerns the terms and execution of this new debt offering, rather than operational or financial performance updates.

Key Highlights

  • 1Allstate Corporation is issuing $650 million in Senior Notes due 2036.
  • 2The notes carry a coupon rate of 5.95%.
  • 3An Underwriting Agreement was executed on March 21, 2006, with J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as lead underwriters.
  • 4The issuance is governed by a Thirteenth Supplemental Indenture, expected to be dated March 24, 2006.
  • 5This debt issuance is part of a pre-existing shelf registration statement (Form S-3) filed in 2003.
  • 6Exhibits filed include the Underwriting Agreement, the form of the Thirteenth Supplemental Indenture, and an opinion of counsel.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce and provide details regarding Allstate Corporation's issuance of $650 million in 5.95% Senior Notes due 2036, including the execution of the underwriting agreement and the relevant indenture.

Allstate is issuing $650,000,000 in aggregate principal amount of Senior Notes. These notes will mature in 2036 and carry a fixed interest rate of 5.95% per annum.

This debt issuance is being made under Allstate's existing shelf registration statement on Form S-3, declared effective on September 22, 2003. The new notes are being issued pursuant to a Thirteenth Supplemental Indenture, adding to the debt securities that can be issued under previously established indentures.

The main parties involved are The Allstate Corporation (the issuer), J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated (as lead underwriters), other underwriters named in the agreement, and U.S. Bank National Association (as successor trustee).