Principal Financial Group in the offer and sale by High Street Funding Trust III of $500 million in Pre-Capitalized Trust Securities Redeemable February 15, 2055.
Debevoise & Plimpton LLP has advised Principal Financial Group (“PFG”) in connection with the offer and sale by High Street Funding Trust III (the “Trust”) of $500 million in Pre-Capitalized Trust Securities Redeemable February 15, 2055. In connection with the transaction, the Trust entered into a facility agreement with PFG, pursuant to which PFG or certain of its assignees have the right from time to time to require the Trust to purchase up to $500 million of PFG’s unsecured 5.807% Senior Notes due 2055. Read More>