Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 368

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 368
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500 500 3.6% notes due 2032 (effective interest rate of 3.7%) (authorized, $500)500 500 5.6% notes due 2034 (effective interest rate of 5.8%) (authorized, $600)600 Finance lease obligation4 5 Loews Hotels & Co:Senior debt, principally mortgages (effective interest rates approximate 6.7% and 6.8%)1,011 933  9,065 9,063 Less unamortized discount and issuance costs70 60 Less intercompany eliminations51 Debt$8,944 $9,003 

141

December 31, 2024PrincipalUnamortized Discount and Issuance CostsNetShort Term DebtLong Term Debt(In millions)           Loews Corporation$1,800 $15 $1,785 $1,785 CNA Financial3,000 27 2,973 2,973 Boardwalk Pipelines3,254 19 3,235 $1 3,234 Loews Hotels & Co1,011 9 1,002 4 998 Less intercompany eliminations51 51 51 Total$9,014 $70 $8,944 $5 $8,939 At December 31, 2024, the aggregate long-term debt maturing in each of the next five years is approximately as follows: $5 million in 2025, $1.9 billion in 2026, $1.1 billion in 2027, $56 million in 2028, $1.2 billion in 2029 and $4.8 billion thereafter. Long-term debt is generally redeemable in whole or in part at the greater of the principal amount or the net present value of remaining scheduled payments discounted at the specified treasury rate plus a margin.CNA is a member of the Federal Home Loan Bank of Chicago (“FHLBC”). FHLBC membership provides participants with access to additional sources of liquidity through various programs and services. As a requirement of membership in the FHLBC, CNA held $5 million of FHLBC stock as of December 31, 2024, giving it access to approximately $108 million of additional liquidity. As of December 31, 2024 and 2023, CNA had no outstanding borrowings from the FHLBC.In