Ameriprise Financial, Inc. (NYSE: AMP) completed a public debt offering of $600 million of its 5.700% five-year senior unsecured notes, due December 15, 2028. The notes were sold pursuant to the underwriting agreement that Ameriprise entered into with Citigroup Global Markets Inc., BofA Securities Inc., and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein. Faegre Drinker provided counsel to Ameriprise throughout the matter, with net proceeds from the offering expected to be used for general corporate purposes and the possible pre-funding of senior unsecured notes of $550 million due October 2024.
November 2023