The investment-grade notes are due 2034

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Voya Financial, Inc. of $400 million aggregate principal amount of 5.000% senior notes due 2034. The notes are guaranteed by Voya Holdings Inc., a subsidiary of Voya Financial, Inc.  The issuer intends to use the net proceeds from the offering for general corporate purposes, which may include repayment at maturity of its outstanding 3.976% senior notes due 2025.

Voya is a leading provider of workplace benefits and savings solutions and technologies to U.S. employers, enabling better financial outcomes for their employees and for those who depend on their employees through Voya’s retirement solutions, retail wealth services, and comprehensive portfolio of benefits products. Voya is also a leading international asset manager, built on a foundation of institutional-quality fixed income and private asset strategies, with a well-established presence in U.S. markets and a large and growing business managing retail and institutional equity, fixed income, and blended strategies for clients in Europe and Asia.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associates Carlos Escandón and Hope Goimarac. The tax team included counsel Tracy L. Matlock and associates Dmitry Dobrovolskiy and Ryan Powers. All members of the Davis Polk team are based in the New York office.

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