10:35 AM EDT, 06/17/2024 (MT Newswires) -- Equitable Holdings ( EQH ) said Monday that a total of roughly $1.08 billion of outstanding debt securities were validly tendered and not validly withdrawn in its cash tender offer as of 5 pm ET on Friday.
The company also said it upsized the cash tender offer to up to about $569.3 million of the notes from $500 million.
Equitable said it doesn't expect to accept any additional notes that are tendered as the total amount of notes validly tendered before the early tender deadline is more than the $569.3 million of notes to be accepted.
The company said it expects to accept for purchase $275 million of 4.572% of senior notes due 2029, about $99.3 million of 7% senior debentures due 2028 and $195 million of 5% senior notes due 2048.
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