Loews Corporation completed a $500 million SEC-registered offering of 4.94% notes due 2036.
Loews intends to use the net proceeds of the offering for general corporate purposes, including to redeem the $500 million aggregate principal amount of 3.75% Senior Notes due 2026.
Loews Corporation is a diversified company, with businesses in the insurance, energy, hospitality and packaging industries.
The S&C team advising Loews included Bob Downes, Sam Xu and Michela Marchetti. Jeff Hochberg, Saul Brander and Jenna Cook advised on tax matters. Emily Thomson, Anna McLaughlin and trainee solicitor Urvita Roy advised on UK/EEA matters.