Unum Group Completes $300 Million Senior Notes Offering
The financial‑services company Unum Group Inc. (NYSE: UNM) announced that it has completed the issuance of senior notes with a total principal amount of $300 million. The notes bear an annual coupon rate of 5.250 percent and mature in 2035.
Key Terms of the Offering
- Principal Amount: $300 million
- Coupon Rate: 5.250 percent per annum
- Maturity Date: 2035
Use of Proceeds
Unum Group indicated that the net proceeds from the sale of these senior notes will be applied to general corporate purposes. No specific allocation to debt refinancing or capital expenditures was disclosed in the announcement.
Context and Market Position
Unum Group, headquartered in Chattanooga, Tennessee, specializes in group disability and special‑risk insurance, as well as group life insurance and payroll‑deducted voluntary benefits. The company serves clients across the United States and the United Kingdom and trades on the New York Stock Exchange. As of the close on 12 November 2025, its share price stood at $77, with a market capitalization of approximately $12.88 billion and a price‑to‑earnings ratio of 28.48.
The completion of the senior notes offering adds a long‑term, fixed‑rate debt instrument to the firm’s capital structure, potentially enhancing financial flexibility for future strategic initiatives within the insurance sector.
