Globe Life $325 million junior subordinated debt offering
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Globe Life Inc. of $325 million aggregate principal amount of 4.250% junior subordinated debentures due 2061.
Based in McKinney, Texas, Globe Life Inc. is an insurance holding company that provides protection life and supplemental health insurance and related products.
The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Dana Lueck-Mammen. The tax team included partner Lucy W. Farr and associate Shay Moyal. Associates Christopher C. Woller and Joshua Cameron Shirley provided intellectual property advice. Associate Leon E. Salkin provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.