Pacific Life Insurance Company Announces Expiration of Tender Offer

NEWPORT BEACH, Calif.--()--Pacific Life Insurance Company (“Pacific Life”) today announced the expiration of the previously announced cash tender offer with respect to its 9.25% Surplus Notes due 2039 (the “Notes”) on the terms and conditions set forth in the offer to purchase, dated January 2, 2013 (the “Offer to Purchase”) and the related letter of transmittal (the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer Documents”) sent to holders of the Notes.

As of 11:59 p.m., New York City time, on January 30, 2013, $322,793,000 in aggregate principal amount of the Notes were validly tendered. All such Notes had been accepted for purchase and settled on January 22, 2013, and no additional tenders of Notes were received after that date.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE NOTES. THE OFFER WAS MADE SOLELY PURSUANT TO THE OFFER DOCUMENTS.

About Pacific Life

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life and its affiliates count more than half of the 100 largest U.S. companies as their clients. Client count as of May 2012 is compiled by Pacific Life using the 2012 FORTUNE 500® list.

Contacts

Pacific Life Insurance
Tennyson Oyler
Tel:  (949) 219-3248
TOyler@PacificLife.com

Release Summary

Pacific Life Insurance Company announces expiration of tender offer.

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Contacts

Pacific Life Insurance
Tennyson Oyler
Tel:  (949) 219-3248
TOyler@PacificLife.com