Article Archive: The Great Life & Annuity Realignment
AXA Equitable Holdings Inc. is taking a major step toward preparing itself to become more independent from its Paris-based parent, AXA S.A.
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AXA Equitable, which has been based in New York for more than 150 years, has announced the price of $3.8 billion in senior notes.
The company hopes to use the cash it gets from the note purchasers to pay off loans from its parent; pay off commercial paper debts associated with a subsidiary, AXA Financial Inc.; and buy units of limited partnerships in AllianceBernstein L.P. from AXA S.A.