Voya Financial Inc. $400 Million Senior Unsecured Notes Assigned 'BBB' Rating

NEW YORK (S&P Global Ratings) June 26, 2017--S&P Global Ratings said today that it has assigned its 'BBB' issue-level rating to Voya Financial Inc.'s (NYSE: VOYA) $400 million 3.125% senior unsecured notes due July 2024. Voya will use the proceeds of this issuance to redeem its senior notes due 2018. These senior notes will rank equally with all of Voya's existing and future unsecured and unsubordinated debt. The company may, at its option, redeem in whole or in part the notes, at any time, at redemption prices stated in the prospectus. The prospectus for these notes includes certain restrictive covenants related to limitation on liens, limitations on disposition of stock of certain subsidiaries, and consolidation, merger, and sale of assets.

...NEW YORK (S&P Global Ratings) June 26, 2017--S&P Global Ratings said today that it has assigned its '###' issue-level rating to Voya Financial Inc.'s (NYSE: VOYA) $400 million 3.125% senior unsecured notes due July 2024. Voya will use the proceeds of this issuance to redeem its senior notes due 2018. These senior notes will rank equally with all of Voya's existing and future unsecured and unsubordinated debt. The company may, at its option, redeem in whole or in part the notes, at any time, at redemption prices stated in the prospectus. The prospectus for these notes includes certain restrictive covenants related to limitation on liens, limitations on disposition of stock of certain subsidiaries, and consolidation, merger, and sale of assets. This debt issuance and subsequent redemption of 2018 notes do not affect our financial strength or issuer credit ratings on Voya and its subsidiaries. This transaction allows Voya to refinance its debt at the current interest rates and improve its...

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