8-K - Jackson Financial Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

On March 19, 2026, Jackson Financial Inc. facilitated the issuance of $500 million 2036 P-Caps by Grand River Funding Trust I and $400 million 2056 P-Caps by Grand River Funding Trust II via private placements, providing the company elective rights to issue up to $900 million in senior notes for on-demand capital and liquidity.

Key Takeaways

12036 Trust issued 500,000 2036 P-Caps for $500,000,000 aggregate purchase price

22056 Trust issued 400,000 2056 P-Caps for $400,000,000 aggregate purchase price

3Company has 10-year right to issue up to $500,000,000 6.311% Senior Notes due February 15, 2036 to 2036 Trust

4Company has 30-year right to issue up to $400,000,000 7.280% Senior Notes due February 15, 2056 to 2056 Trust

5Facility fees of 2.066% per annum on 2036 Issuance Right and 2.430% per annum on 2056 Issuance Right

6Required exercise of Issuance Rights if consolidated net worth falls below $2.75 billion

Current Report Details

Event Type

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On March 19, 2026 (the “Closing Date”), pursu

Financing

$500.0M$400.0M$500.0M$400.0M

9.01

. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (the coverage page XBRL tags are embedded within

Exhibits Only

Transaction Details

Debt / Financing

Instrument: Pre-Capitalized Trust Securities
Principal: 900000000
Use of Proceeds: on-demand capital and liquidity

Exhibits (1)

8-K

FORM 8-K