NEW
YORK, April 11, 2024 /PRNewswire/ -- Nuveen, LLC
("Nuveen") announced today that it has closed an offering of
$1.25 billion aggregate principal
amount of senior unsecured notes which have been issued in two
series: (i) a series of 5.550% senior notes due 2030 in an
aggregate principal amount of $500
million (the "2030 Notes") and (ii) a series of 5.850%
senior notes due 2034 in an aggregate principal amount of
$750 million (the "2034 Notes" and,
together with the 2030 Notes, the "Notes").
The 2030 Notes will mature on January 15,
2030, and the 2034 Notes will mature on April 15, 2034. Nuveen intends to use the net
proceeds for general corporate purposes, which may include, among
other things, the repayment of $1
billion aggregate principal amount of 4.125% senior notes
due November 1, 2024 previously
issued by Nuveen Finance, LLC, a wholly owned subsidiary of
Nuveen.
BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan
Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays
Capital Inc., BNP Paribas Securities Corp. and UBS Securities LLC
acted as joint book-running managers for the 2030 Notes, and BofA
Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley &
Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets
Inc., SMBC Nikko Securities America, Inc. and TD Securities
(USA) LLC acted as joint
book-running managers for the 2034 Notes. Academy Securities, Inc.,
Blaylock Van, LLC, Capital One
Securities, Inc. and U.S. Bancorp Investments, Inc. were
co-managers for the Notes.
The Notes were offered only to (i) persons reasonably believed
to be qualified institutional buyers in reliance on Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act") and
(ii) certain non-U.S. persons outside the
United States pursuant to Regulation S under the Securities
Act. The Notes have not been registered under the Securities Act or
any state securities laws and therefore may not be offered or sold
in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the Notes, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.
About Nuveen
Nuveen, the investment manager of
TIAA, offers a comprehensive range of outcome-focused investment
solutions designed to secure the long-term financial goals of
institutional and individual investors. As of December 31, 2023, Nuveen has $1.2 trillion in assets under management and 37
global office locations. Its investment specialists offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com.
Forward-Looking Statements
This press release contains
certain statements that may include "forward-looking statements."
All statements, other than statements of historical or present
facts or conditions, included herein are "forward-looking
statements." Included among "forward- looking statements" are,
among other things, statements regarding Nuveen's business
strategy, plans and objectives, including the use of proceeds from
the offering. Though Nuveen believes that the expectations
reflected in these "forward-looking statements" are reasonable,
they are inherently uncertain and involve a number of risks and
uncertainties beyond Nuveen's control. In addition, assumptions may
prove to be inaccurate. Actual results may differ materially from
those anticipated or implied in "forward-looking statements" as a
result of a variety of factors. These "forward-looking statements"
speak only as of the date made, and other than as required by law,
Nuveen undertakes no obligation to update or revise any
"forward-looking statement" or provide reasons why actual results
may differ, whether as a result of new information, future events
or otherwise.
Media Contact
Sally Lyden | Sally.Lyden@nuveen.com| 646.984.1913
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SOURCE Nuveen