NEW YORK--(BUSINESS WIRE)--Jul. 1, 2014--
American International Group, Inc. (NYSE:AIG) today announced that it
will redeem all of its outstanding 4.875% Notes Due 2016 (CUSIP No.
026874CB1) (the “2016 Notes”) and all of its outstanding 3.800% Notes
Due 2017 (CUSIP No. 026874CS4) (the “2017 Notes” and, together with the
2016 Notes, the “Notes”) on July 31, 2014 (the “Redemption Date”). On
the Redemption Date, AIG will pay to the registered holders of each
series of Notes a redemption price per $1,000 principal amount of Notes
as determined in accordance with the applicable indenture governing such
series of Notes, plus accrued and unpaid interest to, but not including,
the Redemption Date. The Notes are part of the Direct Investment book
(“DIB”) and will be repaid using cash allocated to the DIB. As of July
1, 2014, $790,175,000 aggregate principal amount of 2016 Notes were
outstanding and $1,250,000,000 aggregate principal amount of 2017 Notes
were outstanding.
The Notes are held only in book-entry form through The Depository Trust
Company (“DTC”). DTC will redeem the Notes in accordance with its
procedures.
This press release does not constitute a notice of redemption of the
Notes. Holders of each series of Notes should refer to the applicable
notice of redemption delivered to the registered holders of such series
of Notes by The Bank of New York Mellon, the trustee with respect to the
Notes.
Certain statements in this press release, including those describing the
completion of the redemption, 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 SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
|Twitter: @AIGInsurance
| LinkedIn: http://www.linkedin.com/company/aig
|
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Source: American International Group, Inc.
American International Group, Inc.
Media
Molly Binenfeld,
212-770-314
molly.binenfeld@aig.com
or
Investors
Liz
Werner, 212-770-7074
elizabeth.werner@aig.com