Allstate prices series j preferred shares

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) announced that on may 15, 2023 it priced a $600 million public offering of 7.375% fixed rate noncumulative perpetual preferred stock, series j (series j preferred stock). the company intends to use the net proceeds for general corporate purposes, due to the redemption of all outstanding shares of series g preferred stock on april 17, 2023, at par for a total redemption payment of $575 million. loop capital markets is a book.
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