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Lincoln National ( (LNC) ) has issued an update.
On March 27, 2026, Lincoln National Corporation entered into an unsecured, third amended and restated credit agreement with a bank syndicate led by Bank of America, N.A., replacing a December 21, 2023 facility. The new agreement provides up to $2.0 billion in borrowing and letters of credit capacity through March 27, 2031, with fees tied to credit ratings and customary restrictions on liens, mergers and major asset disposals.
The facility preserves key financial covenants, including a minimum consolidated net worth benchmarked to $9.932 billion plus a portion of future equity issuance proceeds, a maximum debt-to-capital ratio of 0.35 to 1.00 and limits on secured and subsidiary non-operating debt at 7.5% of total capitalization. Standard default provisions allow lenders to terminate commitments and accelerate repayment, while participating banks and their affiliates continue to provide Lincoln National with a range of financial and distribution services, underscoring their ongoing strategic relationship.
The most recent analyst rating on (LNC) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Lincoln National stock, see the LNC Stock Forecast page.
Spark’s Take on LNC Stock
According to Spark, TipRanks’ AI Analyst, LNC is a Neutral.
The score reflects improved profitability and capital strength plus attractive valuation (low P/E and solid dividend), offset by historically weak and inconsistent cash flow generation and currently mixed/soft technical momentum.
To see Spark’s full report on LNC stock, click here.
More about Lincoln National
Lincoln National Corporation operates in the financial services and insurance industry, offering life insurance and annuity products through its subsidiaries. The company works with a broad syndicate of banks and distributors in the ordinary course of business, reflecting its integration with commercial banking, investment banking and investment management counterparties.
Average Trading Volume: 2,349,200
Technical Sentiment Signal: Sell
Current Market Cap: $6.48B
Find detailed analytics on LNC stock on TipRanks’ Stock Analysis page.