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.
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.
AXA S.A. is getting ready to sell some of its AXA Equitable stock to the public through an initial public offering, or IPO.