Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, in an offering of $250 million in aggregate principal amount of 4.25% Senior Notes due 2024 by Symetra Financial Corporation (“Symetra”).
Proceeds from the offering are expected to be used for general corporate purposes, which may include but are not limited to working capital, capital expenditures, repayment of outstanding indebtedness, stock repurchases and dividends.
Symetra is a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors.
The Simpson Thacher team included Lesley Peng, Tony Rim and Tamaron Greene (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Michael Cardella (Tax); Jamin Koslowe and Brittany McCants (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky and FINRA).