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TMCNet:  Mutual of Omaha Announces Pricing for Cash Tender Offers

[July 14, 2014]

Mutual of Omaha Announces Pricing for Cash Tender Offers

OMAHA, Neb. --(Business Wire)--

Mutual of Omaha Insurance Company ("Mutual of Omaha") announced today the applicable Reference Yield, Yield and the Full Tender Offer Consideration as outlined in the table below, in connection with the Tender Offers for certain of its outstanding 6.80% Surplus Notes due 2036 (the "First Priority Notes") and its outstanding 6.95% Surplus Notes due 2040 (the "Second Priority Notes" and, together with the First Priority Notes, the "Notes," and each a "series" of Notes).




             
Acceptance Principal Fixed
CUSIP Priority Amount Spread Reference Full Tender Offer
Title of Notes Numbers Level Outstanding

(bps) (1)(2)

Yield Yield

Consideration (1)(2)

 
6.80% Surplus Notes due 2036 (the "First Priority Notes")

628312AA8
U62088AA4

1 $296,880,000 +125 3.359%

4.609%

$1,300.16

 
6.95% Surplus Notes due 2040 (the "Second Priority Notes")

628312AB6
U62088AB2
628312AC4

2 $300,000,000 +130 3.359%

4.659%

$1,344.81

 

(1) Per $1,000 principal amount of Notes accepted for purchase. We will also pay accrued and unpaid interest to, but not including, the applicable Settlement Date. The Early Settlement Date is expected to be July 17, 2014.
(2) Includes the Early Tender Payment.

The terms and conditions of the Tender Offers are described in the offer to purchase dated June 27, 2014 (the "Offer to Purchase") and the related letter of transmittal (together with the Offer to Purchase, the "Offer Documents"). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase.

Mutual of Omaha has retained Goldman, Sachs & Co. and J.P. Morgan Securities LLC as the Dealer Managers for the Tender Offers. D.F. King & Co., Inc. has been retained to serve as the Tender Agent and Information Agent for the Tender Offers.

For additional information regarding the terms of the Tender Offers, please contact: Goldman, Sachs & Co. (800) 828-3182 (tol1 free) or (212) 902-5183 (collect) or J.P. Morgan Securities LLC at (866) 834-4666 (tol1 free) or (212) 834-4811 (collect). Requests for documents and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc., at (800) 967-5079.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE NOTES. THE TENDER OFFERS ARE BEING MADE SOLELY PURSUANT TO THE OFFER DOCUMENTS, WHICH SET FORTH THE COMPLETE TERMS OF THE TENDER OFFERS THAT HOLDERS OF THE NOTES SHOULD CAREFULLY READ PRIOR TO MAKING ANY DECISION.

THE OFFER DOCUMENTS DO NOT CONSTITUTE AN OFFER OR SOLICITATION TO PURCHASE NOTES IN ANY JURISDICTION IN WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION UNDER APPLICABLE SECURITIES OR BLUE SKY LAWS. IN ANY JURISDICTION IN WHICH THE SECURITIES, BLUE SKY OR OTHER LAWS REQUIRE THE OFFER TO BE MADE BY A LICENSED BROKER OR DEALER, THE OFFER WILL BE DEEMED TO BE MADE ON (News - Alert) BEHALF OF MUTUAL OF OMAHA BY ONE OR MORE OF THE DEALER MANAGERS, IF ANY OF THE DEALER MANAGERS ARE LICENSED BROKERS OR DEALERS UNDER THE LAWS OF SUCH JURISDICTION, OR BY ONE OR MORE REGISTERED BROKERS OR DEALERS THAT ARE LICENSED UNDER THE LAWS OF SUCH JURISDICTION.

Mutual of Omaha is a full-service, multi-line organization providing insurance, banking and financial products for individuals, businesses and groups throughout the United States.


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