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This excerpt taken from the ALL 10-Q filed Oct 31, 2007. Debt increased in the first nine months 2007, due to increases in long-term
debt and decreases in short term debt. In May 2007, we issued $500 million of
Series A 6.50% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067
and $500 million of Series B 6.125% Fixed-to-Floating Rate Junior Subordinated
Debentures due 2067 (together the “Debentures”),
utilizing the registration statement filed with the Securities and Exchange
Commission (“SEC”) in May 2006. These securities will be treated in part as
equity by Moody’s and S&P in their assessment of the Company’s credit
rating. Series A will be considered 100% equity by S&P until 2037, and 75%
equity by Moody’s until 2017 and 50% equity until 2037. Series B will be
considered 100% and 75% equity by S&P and Moody’s, respectively, until 2017.
For further information on the issuance, see Note 11 to the Condensed
Consolidated Financial Statements.
This excerpt taken from the ALL 10-Q filed Aug 1, 2007. Debt
increased in the first six months 2007, due to increases in long-term debt and
decreases in short term debt. In May
2007, we issued $500,000,000 of Series A 6.50% Fixed-to-Floating Rate Junior
Subordinated Debentures due 2067 and $500,000,000 of Series B 6.125%
Fixed-to-Floating Rate Junior Subordinated Debentures due 2067 (together the “Debentures”), utilizing the
registration statement filed with the Securities and Exchange Commission (“SEC”)
in May 2006. These securities will be
treated in part as equity by Moody’s and S&P in their assessment of the
Company’s credit rating. Series A will
be considered 100% equity by S&P until 2037, and 75% equity by Moody’s
until 2017 and 50% equity until 2037.
Series B will be considered 100% and 75% equity by S&P and Moody’s,
respectively, until 2017. For further
information on the issuance, see Note 11 to the Condensed Consolidated
Financial Statements.
58 This excerpt taken from the ALL 10-Q filed May 1, 2007. Debt
decreased in the first quarter of 2007, due to
decreases in long-term debt and short term debt.
This excerpt taken from the ALL 10-Q filed Nov 1, 2006. Debt
increased in the first nine months 2006, due to increases in long-term
debt. In March 2006, we issued $650
million of 5.95% Senior Notes due 2036, utilizing the registration statement
filed with the Securities and Exchange Commission (“SEC”) in August 2003. The proceeds of this issuance are being used
for general corporate purposes, including to facilitate the repayment of the
$550 million of 5.375% Senior Notes due 2006 at their scheduled maturity on
December 1, 2006.
In October 2006, we purchased a headquarters office building previously owned by a consolidated synthetic lease variable interest entity for $78 million. As a result of this transaction, long-term debt will decrease by $78 million in the fourth quarter of 2006. In October 2006, we elected to redeem our $200 million of 7.83% junior subordinated debentures due in 2045, thereby triggering the redemption of 200,000 shares of the 7.83% mandatorily redeemable preferred securities of subsidiary trust (“trust preferred securities”) originally issued by Allstate Financing II, an unconsolidated variable interest entity. The debentures and trust preferred securities will be redeemed on December 1, 2006 at a price of 103.915% plus accrued and unpaid interest from available liquidity. As a result of this transaction, long-term debt will decrease by $200 million in the fourth quarter of 2006. This excerpt taken from the ALL 10-Q filed Aug 8, 2006. Debt increased in
the first six months 2006, due to increases in long-term debt. In March 2006, we issued $650 million of
5.95% Senior Notes due 2036, utilizing the registration statement filed with
the Securities and Exchange Commission (“SEC”) in August 2003. The proceeds of this issuance are being used
for general corporate purposes, including to facilitate the repayment of the
$550 million of 5.375% Senior Notes due 2006 at their scheduled maturity on December
1, 2006.
This excerpt taken from the ALL 10-Q filed May 3, 2006. Debt increased in
the first quarter of 2006, due to increases in long-term debt. In March 2006,
we issued $650 million of 5.95% Senior Notes due 2036, utilizing the
registration statement filed with the Securities and Exchange Commission (“SEC”)
in August 2003. The proceeds of this issuance are used for general corporate
purposes, including to facilitate the repayment of the $550 million of 5.375%
Senior Notes due 2006 at their scheduled maturity on December 1, 2006.
This excerpt taken from the ALL 10-Q filed Nov 1, 2005. Debt
decreased in the first nine months of 2005 compared to December 31, 2004
primarily due to decreases in debt and commercial paper borrowings. In May 2005, we issued $800 million of
5.55% Senior Notes due 2035, utilizing the registration statement filed with
the SEC in August 2003. The
proceeds of this issuance were used for general corporate purposes including to
fund the repayment of a portion of the $900 million of 7.875% Senior Notes due
2005, which were repaid at their scheduled maturity, May 1, 2005. In July 2005, we liquidated our
consolidated investment management variable interest equity (“VIE”). As a result of the liquidation, long-term
debt decreased by $279 million.
This excerpt taken from the ALL 10-Q filed Aug 3, 2005. Debt
decreased in the first six months of 2005 compared to December 31, 2004
primarily due to decreases in debt and commercial paper borrowings. In May 2005, we issued $800 million of
5.55% Senior Notes due 2035, utilizing the registration statement filed with the
SEC in August 2003. The proceeds of
this issuance were used for general corporate purposes including to fund the
repayment of a portion of the $900 million of 7.875% Senior Notes due 2005,
which were repaid at their scheduled maturity, May 1, 2005. In July 2005, we liquidated our
consolidated investment management variable interest equity (“VIE”). As a result of the liquidation, long-term
debt decreased by $279 million.
45
This excerpt taken from the ALL 10-Q filed May 3, 2005. Debt increased in
the first quarter of 2005 compared to December 31, 2004 primarily due to
increases in commercial paper borrowings.
The $900 million of 7 7/8% Senior Notes due 2005 are scheduled to mature
on May 1, 2005. A portion of the
repayment will be from the August 2004 issuance of $650 million of 5.00% Senior
Notes due in 2014, with the remaining portion expected to be repaid from other
funds available for general corporate purposes and a potential future senior
notes issuance.
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