OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “a” to the $750 million 4.30% surplus notes due 2067 of Pacific Life Insurance Company (headquartered in Newport Beach, CA) that were recently announced by Pacific LifeCorp (Pacific Life). The outlook assigned to the Credit Rating (rating) is positive. Funding is expected to close on Oct. 24, 2017. Pacific Life Insurance Company intends to use the proceeds from this $750 million offering for its previously
