Globe Life $50 million senior notes reopening
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Globe Life Inc. of $50 million aggregate principal amount of 2.150% senior notes due 2030, which will form a single series with the $350 million aggregate principal amount of 2.150% senior notes due 2030 Globe Life issued on August 21, 2020.
Based in McKinney, Texas, Globe Life Inc., f/k/a Torchmark Corporation, is a holding company for a group of insurance companies that primarily provides protection life and supplemental health insurance to working families throughout the United States.
The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Sherry Tan. The tax team included partner Lucy W. Farr and associate Tomislava Dragicevic. Associate Michael V. Policastro provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.