An update from Equitable Holdings ( (EQH) ) is now available.
On February 21, 2025, Equitable Holdings announced a $500 million senior unsecured delayed-draw term loan, intended to fund a tender offer and associated expenses. The loan is linked to a reinsurance agreement with Reinsurance Group of America to reinsure 75% of the company’s in-force individual life insurance block. This strategic financial maneuver is part of Equitable’s broader effort to increase its stake in AllianceBernstein Holding L.P. through a tender offer announced on February 24, 2025, for up to 46 million units at a premium price, potentially increasing Equitable’s economic interest to 77.5%. This move reflects Equitable’s strategy to enhance its market position in investment management.
More about Equitable Holdings
Equitable Holdings, Inc. is a leading financial services holding company comprised of businesses including Equitable, AllianceBernstein, and Equitable Advisors. With $1.0 trillion in assets under management and administration as of December 31, 2024, the company provides retirement and protection strategies to individuals, families, and small businesses, and offers diversified investment services through AllianceBernstein.
YTD Price Performance: 7.83%
Average Trading Volume: 2,669,110
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.1B
See more data about EQH stock on TipRanks’ Stock Analysis page.