AXA Equitable Holdings (NYSE:EQH) launches an exchange offer for up to $3.8B of senior notes for a like principal amount of new notes corresponding with the same interest rate. The company's exchange offer is for:
Up to $800M principal amount of 3.900% senior notes due 2023;
Up to $1.5B of 4.350% senior notes due 2028;
And up to $1.5B of 5.000% senior notes due 2048.
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