LOEWS CORP 8-K

What Happened
Loews Corp (NYSE: L) announced the issuance of 4.940% senior notes due 2036. The offering was made under the company’s Form S‑3 registration statement (File No. 333‑276935) and closed in connection with an Underwriting Agreement dated February 10, 2026 among Loews and representatives of the underwriters. The notes were issued under an existing indenture (dated March 1, 1986, as supplemented) with The Bank of New York Mellon serving as trustee. Interest on the notes is payable semi‑annually on April 1 and October 1, beginning October 1, 2026.

Key Details

• Coupon: 4.940% per annum through April 1, 2036.
• Interest payments: Semi‑annual on April 1 and October 1, starting October 1, 2026.
• Redemption: Redeemable before January 1, 2036 at a make‑whole price based on the applicable U.S. Treasury rate + 12.5 basis points; on or after January 1, 2036 at 100% of principal plus accrued interest.
• Underwriters: J.P. Morgan Securities LLC, Barclays Capital Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC (representatives).
• Legal opinion: Sullivan & Cromwell LLP opinion filed as an exhibit.
• The filing text provided does not disclose the aggregate principal amount of the notes.

Why It Matters
Issuing these senior notes increases Loews’ long‑term fixed‑rate debt, giving the company committed interest payments but predictable financing costs through 2036 at a 4.94% coupon. The make‑whole redemption feature gives Loews flexibility to retire the debt early (with a premium tied to Treasury rates) while on/after January 1, 2036 the notes can be called at par, which could facilitate refinancing. Investors should monitor future filings for the aggregate principal amount, the use of proceeds, and any effect on leverage and interest expense trends.