01—Abstract
Summary
Summary of the 8-K filed February 18, 2026. Cited figures are marked; the original filing is the authoritative source.
Loews Corporation completed a public offering on February 18, 2026 of $500,000,000a aggregate principal amount of its 4.940% Senior Notes due 2036.
The offering was made under the Company's Form S-3 registration statement (File No. 333-276935) and a prospectus supplement dated February 10, 2026, with J.P. Morgan Securities LLC, Barclays Capital Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC acting as representatives of the underwriters under an Underwriting Agreement dated February 10, 2026. Interest on the Notes is payable semi-annually on April 1 and October 1, beginning October 1, 2026, at 4.940%b per annum until April 1, 2036.
The Notes were issued under an Indenture dated March 1, 1986, as supplemented, with The Bank of New York Mellon as successor trustee. The Company may redeem the Notes before January 1, 2036 at a make-whole price based on the applicable U.S. Treasury rate plus 12.5 basis points, and on or after January 1, 2036 at 100%c of principal plus accrued interest. The filing is a debt issuance disclosure under Item 8.01 (Other Events).
It also files the Underwriting Agreement, the form of Note and a legality opinion from Sullivan & Cromwell LLP as exhibits. The filing does not describe use of proceeds.
02—Key points
Key Highlights
- Issued $500,000,000 aggregate principal amount of 4.940% Senior Notes due 2036 on February 18, 2026.
- Notes were offered under a Form S-3 shelf registration (File No. 333-276935) and a prospectus supplement dated February 10, 2026.
- Interest is payable semi-annually on April 1 and October 1, commencing October 1, 2026, until maturity on April 1, 2036.
- Make-whole redemption is available before January 1, 2036 at the applicable U.S. Treasury rate plus 12.5 basis points.
- Redemption on or after January 1, 2036 is at 100% of principal plus accrued interest.
- Underwriters are J.P. Morgan Securities LLC, Barclays Capital Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives under a February 10, 2026 Underwriting Agreement.
- Notes were issued under a 1986 Indenture, as supplemented in 1993 and 1997, with The Bank of New York Mellon as successor trustee.
03—Questions
Frequently Asked Questions
What did Loews Corporation issue?
Loews completed a public offering of $500,000,000 aggregate principal amount of 4.940% Senior Notes due 2036 on February 18, 2026.
When do the Notes mature and when is interest paid?
The Notes mature on April 1, 2036, and bear interest at 4.940% per annum. Interest is paid semi-annually on April 1 and October 1, beginning October 1, 2026.
Can Loews redeem the Notes early?
Yes. Before January 1, 2036, Loews may redeem the Notes at a make-whole price discounted at the applicable U.S. Treasury rate plus 12.5 basis points, plus accrued interest. On or after January 1, 2036, the redemption price is 100% of principal plus accrued interest.
Who underwrote the offering and under what registration?
J.P. Morgan Securities LLC, Barclays Capital Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC acted as representatives of the underwriters under an Underwriting Agreement dated February 10, 2026. The offering was made under a Form S-3 registration statement (File No. 333-276935) filed February 7, 2024.
Who is the trustee and what governs the Notes?
The Notes were issued under an Indenture dated March 1, 1986, as supplemented by supplemental indentures dated March 30, 1993 and February 18, 1997, between Loews and The Bank of New York Mellon, as successor trustee to JPMorgan Chase Bank, N.A.
04—Continue