BB&T Capital Markets Serves as Co-Manager for The Hartford Financial Services Group, Inc.’s $500 Million 4.400% Offering of Senior Notes due 2048
On March 13, 2018, BB&T Capital Markets served as a co-manager for an offering of $500 million 4.400% senior notes due 2048 by The Hartford Financial Services Group, Inc.
Proceeds from the offering are being used to repay existing indebtedness and for general corporate purposes.
About the Companies
The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: commercial lines, personal lines, property & casualty other operations, group benefits, and mutual funds. The commercial lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella insurance products, while the personal lines segment provides automobile, homeowners, and personal umbrella coverages to individuals. The property & casualty other operations segment provides coverage for asbestos and environmental exposures. The group benefits segment provides group life, accident and disability, and other group coverages to members of employer groups, associations, and affinity groups. The mutual funds segment provides investment products for retail and retirement accounts, as well as exchange-traded products; and investment-management and administrative services, such as product design, implementation, and oversight. The Hartford Financial Services Group, Inc. was founded in 1810.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.