Aflac completed two SEC-registered notes offerings with a combined value of $914 million: an offering of $500 million principal amount of its 5.15% Senior Notes due 2036, and a global yen-denominated notes offering of ¥3.1 billion principal amount of its 2.117% Senior Notes due 2029, ¥41.8 billion principal amount of its 2.802% Senior Notes due 2031, ¥13.1 billion principal amount of its 3.123% Senior Notes due 2033 and ¥7.9 billion principal amount of its 3.482% Senior Notes due 2036, for a total of ¥65.9 billion (equivalent to ~$414 million).
S&C represented the underwriters for the offerings, including Goldman Sachs & Co., Mizuho Securities USA, SMBC Nikko Securities America, Wells Fargo Securities, Morgan Stanley & Co. International and MUFG Securities EMEA.
The S&C team that advised the underwriters included Marion Leydier, Sam Xu and Michela Marchetti. Jeff Hochberg and Saul Brander advised on tax matters. Vanessa Blackmore, Emily Thomson and trainee solicitor Trinity Batt advised on UK/EEA matters.