Voya issues $400M 5.050% notes due 2036

Rhea-AI Filing Summary

Voya Financial completed a registered public offering of $400 million aggregate principal amount of 5.050% senior unsecured notes due 2036, fully and unconditionally guaranteed by wholly owned subsidiary Voya Holdings Inc. The notes pay interest semi-annually on March 2 and September 2, starting September 2, 2026.

The offering generated approximately $395.2 million of net proceeds after commissions and expenses. Voya intends to use the proceeds for general corporate purposes, which may include repaying the $447 million principal amount of its 3.65% senior notes maturing on June 15, 2026. The indenture includes limitations on liens, certain subsidiary stock disposals, and mergers or asset sales.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What type of securities did Voya Financial (VOYA) issue in this 8-K?

Voya Financial issued $400 million of 5.050% senior unsecured notes due 2036, guaranteed by Voya Holdings Inc. These notes pay semi-annual interest and rank as senior obligations, governed by an existing base indenture and a new supplemental indenture.

How much did Voya Financial (VOYA) raise in net proceeds from the notes?

Voya Financial raised approximately $395.2 million in net proceeds from the offering. This figure is after deducting underwriting commissions and estimated expenses, providing the company with additional capital for corporate funding and potential debt repayment.

What interest rate and maturity apply to Voya Financial’s new 2036 notes?

The notes bear interest at a 5.050% annual rate and mature on March 2, 2036. Interest is payable each March 2 and September 2, beginning September 2, 2026, creating a predictable semi-annual coupon schedule for noteholders over the life of the debt.

How does Voya Financial (VOYA) plan to use the proceeds from this debt offering?

Voya plans to use all net proceeds for general corporate purposes, which may include repaying the $447 million principal on its 3.65% senior notes maturing June 15, 2026. This indicates a potential refinancing of upcoming debt maturities using longer-dated notes.

Are the new Voya Financial notes guaranteed by any subsidiary?

Yes, the new notes are fully, irrevocably and unconditionally guaranteed by Voya Holdings Inc., a wholly owned subsidiary. This guarantee adds an additional obligor to the structure, alongside Voya Financial, under the governing indenture with U.S. Bank Trust Company as trustee.

Can Voya Financial redeem the 5.050% senior notes before 2036 maturity?

Voya may redeem the notes at its option, in whole or in part, at any time and from time to time. The specific redemption prices and terms are described in the supplemental indenture that governs these senior notes and the related guarantee provisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 04:24 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

March 2, 2026

VOYA FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-35897		No. 52-1222820
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

200 Park Avenue
New York New York		10166
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 309-8200

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol		Name of each exchange on which registered
Common Stock, $.01 Par Value		VOYA		New York Stock Exchange
Depositary Shares, each representing a 1/40th interest in a share of 5.35% Fixed-Rate Non-Cumulative Preferred Stock, Series B, $0.01 par value		VOYAPrB		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On March 2, 2026, Voya Financial, Inc. (“Voya”) completed its registered public offering (the “Offering”) of $400 million aggregate principal amount of 5.050% Senior Notes due 2036 (the “Notes”). The Notes are senior unsecured obligations of Voya and are fully, irrevocably and unconditionally guaranteed (the “Guarantee”) by Voya Holdings Inc., a wholly-owned subsidiary of Voya (“Voya Holdings”). The Offering resulted in aggregate net proceeds to Voya of approximately $395.2 million, after deducting commissions and estimated expenses. As previously announced, Voya intends to use all of the net proceeds of the Offering for general corporate purposes, which may include repayment at maturity of the $447 million outstanding principal amount of our 3.65% Senior Notes due June 15, 2026.

The Notes and Guarantee were issued pursuant to the Indenture dated as of July 13, 2012 (the “Base Indenture”), as supplemented by a Tenth Supplemental Indenture dated as of March 2, 2026 (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), each among Voya, Voya Holdings and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes and Guarantee were offered and sold pursuant to the prospectus supplement dated February 23, 2026, to the prospectus dated February 20, 2026, each filed with the Securities and Exchange Commission (the “Commission”) as part of the Registration Statement on Form S-3 of Voya and Voya Holdings (Nos. 333-293632 and 333-293632-01) (the “Registration Statement”).

Voya will pay interest on the Notes on March 2 and September 2 of each year, beginning on September 2, 2026. The Notes will mature on March 2, 2036 and bear interest at a rate of 5.050% per annum. Voya may, at its option, redeem, in whole or in part, the Notes at any time and from time to time at the redemption prices described in the Supplemental Indenture. The Indenture limits Voya’s ability to create liens, dispose of stock of certain subsidiaries and merge, consolidate or sell assets. The Indenture also provides for customary events of default.

The foregoing descriptions of the Notes, Guarantee and related agreements are only a summary of certain provisions and are qualified in their entirety by the terms of the Base Indenture, as filed with the Commission and incorporated by reference as an exhibit to the Registration Statement, the Supplemental Indenture and the form of Notes, copies of which are attached hereto as Exhibits 4.1 and 4.2, respectively, and are expressly incorporated by reference herein and into the Registration Statement.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant.

The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

On March 2, 2026, Voya issued the Notes, as guaranteed by Voya Holdings. Exhibits are filed herewith in connection with the Registration Statement. The following documents are being filed with this Current Report on Form 8-K: (i) Underwriting Agreement, dated February 23, 2026, among Voya Financial, Inc., Voya Holdings, Inc. and Citigroup Global Markets Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters listed on Schedule I thereto; (ii) Supplemental Indenture; (iii) Form of Notes; and (iv) opinions of Faegre Drinker Biddle & Reath LLP and Day Pitney LLP regarding the Notes and the related Guarantee.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
1.1		Underwriting Agreement, dated February 23, 2026, among Voya Financial, Inc., Voya Holdings Inc. and Citigroup Global Markets Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters listed on Schedule I thereto
4.1		Tenth Supplemental Indenture, dated as of March 2, 2026, among Voya Financial, Inc., Voya Holdings Inc. and U.S. Bank Trust Company, National Association, as trustee
4.2		Form of 5.050% Senior Notes due 2036 (included in Exhibit 4.1)
5.1		Opinion of Faegre Drinker Biddle & Reath LLP
5.2		Opinion of Day Pitney LLP

23.1		Consent of Faegre Drinker Biddle & Reath LLP (included in Exhibit 5.1)
23.2		Consent of Day Pitney LLP (included in Exhibit 5.2)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				VOYA FINANCIAL, INC.
Date: March 2, 2026				By:		/S/ Julie Watson
				Name:		Julie Watson
				Title:		Vice President, Counsel and Corporate Secretary

Filing Exhibits & Attachments

8 documents

Other Documents

• EX-1.1 EX-1.1 150.0 KB
• EX-4.1 EX-4.1 99.5 KB
• EX-5.1 EX-5.1 23.6 KB
• EX-5.2 EX-5.2 13.1 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 13.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 13.8 KB