Davis Polk advised the initial purchaser of a Rule 144A/Regulation S offering by Torchmark Corporation of $125 million aggregate principal amount of 5.275% junior subordinated debentures due 2057. 

Based in McKinney, Texas, Torchmark Corporation is a holding company specializing in life and supplemental health insurance for “middle-income” Americans marketed through multiple distribution channels, including direct response and exclusive and independent agencies.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Marcus K. Hintze and Ingrid L. Perez. The tax team included partner Rachel D. Kleinberg and associate Caroline E. Dayton. Members of the Davis Polk team are based in the Northern California and New York offices.

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