AIG Announces Reference Yields for its Tender Offers for Certain Outstanding Notes
Title |
Original |
Principal |
Reference |
Reference |
Bloomberg |
Fixed |
Early |
Total |
||||||||
7.57% Junior Subordinated Deferrable Interest Debentures, Series A |
|
|
|
|
|
1.875% UST due |
|
2.315% |
|
PX1 |
|
175 bps |
|
|
|
|
8 1/8% Junior Subordinated Deferrable Interest Debentures, Series B |
|
|
|
|
|
1.875% UST due |
|
2.315% |
|
PX1 |
|
175 bps |
|
|
|
|
7 ½% Notes due 2025 |
|
|
|
|
|
0.750% UST due |
|
0.807% |
|
PX1 |
|
45 bps |
|
|
|
|
6 5/8% Notes due 2029 |
|
|
|
|
|
1.125% UST due |
|
1.604% |
|
PX1 |
|
65 bps |
|
|
|
|
8 ½% Junior Subordinated Debentures due 2030 |
|
|
|
|
|
1.125% UST due |
|
1.604% |
|
PX1 |
|
150 bps |
|
|
|
|
8.125% Debentures due |
|
|
|
|
|
0.125% UST due |
|
0.153% |
|
PX1 |
|
0 bps |
|
|
|
|
7.05% Notes due 2025 |
|
|
|
|
|
0.750% UST due |
|
0.807% |
|
PX1 |
|
40 bps |
|
|
|
|
7.00% Notes due 2026 |
|
|
|
|
|
0.750% UST due |
|
0.807% |
|
PX1 |
|
45 bps |
|
|
|
|
5.60% Debentures due 2097 |
|
|
|
|
|
1.875% UST due |
|
2.315% |
|
PX1 |
|
170 bps |
|
|
|
|
_______________________ | ||
(1) |
The current obligor for this series of notes is |
|
(2) |
The current obligor for this series of notes is AIG (as successor to |
|
(3) |
Per |
|
(4) |
Per |
The complete terms of the Tender Offers are set forth in AIG’s Offer to Purchase and Consent Solictation Statement for the SunAmerica Notes, dated
Holders who validly tendered and did not validly withdraw their notes at or prior to the Early Tender Time and whose tenders are accepted for purchase will receive the Total Consideration set forth in the table above, which includes an Early Tender Payment of
AIG will also pay a soliciting broker fee of
AIG has retained
The Tender Offers are subject to the satisfaction of certain conditions. AIG may terminate or alter any or all of the Tender Offers and is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered notes, in each event subject to applicable laws. The Tender Offers are not conditioned on the tender of a minimum principal amount of notes.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes or any other securities. The Tender Offers are made only by and pursuant to the terms of each Offer to Purchase and Consent Solicitation and the related letters of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to each Offer to Purchase and Consent Solicitation and the related letters of transmittal. None of AIG, the dealer managers and consent solicitation agents or the tender and information agent makes any recommendations as to whether holders should tender their notes pursuant to the Tender Offers. Holders must make their own decisions as to whether to tender notes, and, if so, the principal amount of notes to tender.
Certain statements in this press release, including those describing the completion of the Tender Offers, constitute forward-looking statements. These statements are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG’s periodic filings with the
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of
View source version on businesswire.com: https://www.businesswire.com/news/home/20210524005793/en/
Source: