Summary
This filing is an amendment to a previous 8-K report filed by The Hartford Financial Services Group, Inc. on April 5, 2012. The amendment is purely technical, correcting minor errors in the hyperlink descriptions for certain exhibits. The core financial event reported in the original filing, which remains unchanged, is the issuance of a significant amount of new debt. Specifically, the company successfully closed the sale of $1.55 billion in Senior Notes across three tranches (2017, 2022, and 2042 maturities) and $600 million in Junior Subordinated Debentures due 2042. These offerings were executed on April 2, 2012, with the closings occurring on April 5, 2012, under registered Form S-3 filings.
Key Highlights
- 1Amendment No. 1 to Form 8-K filed to correct technical errors in exhibit hyperlink descriptions.
- 2The Hartford successfully issued $1.55 billion in Senior Notes across three maturities: $325 million (4.000% due 2017), $800 million (5.125% due 2022), and $425 million (6.625% due 2042).
- 3The company also issued $600 million in 7.875% Fixed-To-Floating Rate Junior Subordinated Debentures due 2042.
- 4The offerings were conducted under underwriting agreements with Citigroup Global Markets Inc. and Goldman, Sachs & Co.
- 5The Senior Notes are unsecured and rank equally with other unsecured, unsubordinated debt.
- 6The Junior Subordinated Debentures have a unique feature allowing for up to ten years of interest deferral without an event of default, with deferred interest accruing additional interest.
- 7The debt issuances were registered under The Hartford's Form S-3 registration statement (File No. 333-168532).