09:46 AM EDT, 06/03/2024 (MT Newswires) -- Equitable Holdings ( EQH ) said Monday that it launched a cash tender offer to purchase up to $500 million of its outstanding debt securities.

The company offered to purchase up to $275 million of its $600 million 4.572% senior notes due 2029, $100 million of its $350 million 7% senior debentures due 2028, and $125 million of its $1.5 billion 5% senior notes due 2048. The tender offer is set to expire on July 2, the company added.

Equitable Holdings ( EQH ) said it also plans to raise contingent liquidity by issuing new pre-capitalized trust securities from Pine Street Trust III.

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