8-KOther EventsExhibits & Filings

ALLSTATE CORP 8-K Report, Corporate Update (Dec 8, 2016)

Filed December 8, 2016For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

The Allstate Corporation (ALL) filed an 8-K on December 8, 2016, reporting the successful closure of a public offering for its senior notes. This offering successfully raised a substantial amount of capital through the issuance of $550 million in 3.280% Senior Notes due 2026 and $700 million in 4.200% Senior Notes due 2046. These notes are senior unsecured obligations of the company, ranking equally with other outstanding unsecured and unsubordinated indebtedness. The issuance of these notes, registered under Form S-3, provides Allstate with significant long-term financing. The proceeds from this offering are intended to strengthen the company's capital structure and support its ongoing business operations and strategic initiatives. Investors in these notes are entering into a debt obligation with Allstate, receiving fixed interest payments over the respective terms of the notes.

Key Highlights

  • 1Allstate Corporation successfully closed a public offering of Senior Notes on December 8, 2016.
  • 2The offering comprised $550 million in 3.280% Senior Notes due 2026.
  • 3The offering also included $700 million in 4.200% Senior Notes due 2046.
  • 4Total aggregate principal amount issued is $1.25 billion.
  • 5The Senior Notes are senior unsecured obligations of the company.
  • 6Interest payments are scheduled semi-annually, beginning June 15, 2017.
  • 7The issuance was registered under the company's Form S-3 registration statement.

Frequently Asked Questions

This 8-K filing was made to report the closing of a public offering of Allstate Corporation's Senior Notes, specifically the 2026 Notes and 2046 Notes.

Allstate raised a total of $1.25 billion through the issuance of these senior notes, with $550 million from the 2026 Notes and $700 million from the 2046 Notes.

The 2026 Notes have a principal amount of $550 million, bear interest at 3.280% per annum, and mature on December 15, 2026. The 2046 Notes have a principal amount of $700 million, bear interest at 4.200% per annum, and mature on December 15, 2046. Interest is paid semi-annually.

The Senior Notes are senior unsecured obligations of Allstate Corporation and rank equally with all other unsecured and unsubordinated indebtedness of the company.