UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
WASHINGTON, D.C. 20549 |
FORM 8-K |
CURRENT REPORT |
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 |
Date of Report (Date of earliest event reported) January 14, 2014 |
ING USA Annuity and Life Insurance Company |
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(Exact name of registrant as specified in its charter) |
IOWA |
(State of Incorporation) |
333-133076, 333-133152, 333-133153, |
333-133154, 333-133155, 333-158928 |
(Commission File Numbers) |
#41-0991508 |
(IRS Employer Identification Number) |
1475 Dunwoody Drive, West Chester, PA 19380-1478 |
(Address of principal executive offices) (Zip Code) |
Registrant's telephone number, including area code 610-425-3400 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the |
filing obligation of the registrant under any of the following provisions: |
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
(17 CFR 240.14d-2(b)) |
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
(17 CFR 240.13e-4(c)) |
This filing is made in accordance with Item No. 1.01 of Section 1 of Form 8-K: | |
Item 1.01 | Entry into a Material Definitive Agreement |
On January 14, 2014, ING USA Annuity and Life Insurance Company (the “Company”) entered into a | |
new, ten-year unsecured reciprocal loan agreement, effective January 14, 2014 with ING U.S., Inc. (“ING | |
U.S.”), its indirect parent company (the “Agreement”). The Agreement replaced the reciprocal loan | |
agreement dated as of January 1, 2004 between the Company and ING U.S. that expired by its terms on | |
January 14, 2014. The purpose of the Agreement is to facilitate the financing of the short term cash | |
requirements of each party to the Agreement by permitting each party to extend financing to, and borrow | |
from, the other party. The Agreement provides that the maximum outstanding amount that the Company | |
may loan to ING U.S., or that ING U.S. may loan to the Company, may not exceed three percent (3%) of | |
the statutory admitted assets of the Company as of December 31 of the applicable preceding year. Interest | |
on any borrowing by the Company or ING U.S. under the Agreement will be charged at a per annum rate | |
which is based on the prevailing market rate for similar third-party borrowings or securities with a similar | |
credit quality and duration. The maximum term of any loan made under the Agreement shall be two | |
hundred seventy (270) days. | |
The Company is an indirect, wholly owned subsidiary of ING U.S. ING U.S., which plans to rebrand in | |
the future as Voya Financial, is a financial services organization that offers retirement, investment and | |
insurance products and services in the United States. ING U.S. is a direct, majority-owned subsidiary of | |
ING Groep N.V., a global financial services holding company based in The Netherlands. |
SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly |
caused this report to be signed on this 14th day of January, 2014 on its behalf by the |
undersigned hereunto duly authorized. |
ING USA Annuity and Life Insurance Company |
(Registrant) |
/s/Megan Huddleston |
Megan Huddleston |
Secretary |