Equitable Holdings Launches $500 Million Debt Securities Tender Offer

Equitable Holdings has launched a cash tender offer to buy up to $500 million in debt securities. The move is part of the company's efforts to manage its capital structure and reduce its debt. The tender offer is open to holders of eligible debt securities and is expected to close on April 29.

Equitable Holdings, Inc. (NYSE: EQH), the leading financial services holding company of Equitable, AllianceBernstein, and Equitable Advisors, has announced a cash tender offer to purchase up to $500 million in debt securities. This move is part of the company's ongoing efforts to optimize its capital structure and reduce its debt load.

The tender offer, which commenced on July 2, 2025, is open to holders of eligible debt securities. The company is offering to purchase the outstanding debt securities listed in the table below, with an aggregate principal amount of up to $500 million. The tender offer is expected to close on April 29, 2025.

The terms of the tender offer include an early tender premium of $50 per $1,000 principal amount of notes for each series. The consideration for the notes will be determined by reference to a fixed spread over the yield based on the applicable reference U.S. Treasury security. The tender offer will expire at 5:00 p.m. New York City time on September 23, 2025, unless extended.

Equitable Holdings has the right, but is not obligated, to increase, decrease, or eliminate the series cap at any time, including on or after the price determination date. The company may also extend, terminate, or withdraw the tender offer with respect to one or more series of notes.

The tender offer is not conditioned upon any minimum amount of notes being tendered. The amounts of each series of notes that are purchased will be determined in accordance with the priorities identified in the table above and will be subject to the series cap.

For further details, please refer to the Offer to Purchase dated August 25, 2025, which can be accessed on the company's website.

References:
[1] https://www.morningstar.com/news/business-wire/20250825157179/equitable-holdings-announces-cash-tender-offer-to-purchase-up-to-500-million-aggregate-principal-amount-of-its-debt-securities