AIG Announces Closing of $2.5 Billion Senior Notes Offering and Satisfaction of Maximum Cash Tender Offer Financing Condition
July 10 2015 - 10:47AM
Business Wire
American International Group, Inc. (NYSE:AIG) today announced
the closing of the sale of $1,250,000,000 aggregate principal
amount of AIG’s 3.750% Notes due 2025, $500,000,000 aggregate
principal amount of AIG’s 4.700% Notes due 2035 and $750,000,000
aggregate principal amount of AIG’s 4.800% Notes due 2045. AIG has
determined that the closing of this notes offering satisfies the
financing condition of its previously announced maximum cash tender
offer for certain notes and debentures issued or guaranteed by AIG
described in the offer to purchase, dated June 18, 2015. The tender
offer remains subject to certain other conditions, including the
absence of any adverse legal and market developments. The
expiration date of the tender offer is 11:59 p.m., New York
City time, on July 16, 2015, unless extended. The payment date for
the tender offer will be promptly following its expiration and is
expected to be on or about July 20, 2015.
This press release is qualified in its entirety by the offer to
purchase and related letter of transmittal.
Global Bondholder Services Corporation is the Information Agent
and Depositary for the tender offer. Requests for documents related
to the tender offer and questions regarding the tendering of
securities may be directed to Global Bondholder Services
Corporation by telephone at (212) 430-3774 (for banks and brokers
only), (866) 924-2200 (for all others toll-free) or +001 (212)
430-3774 (international), by email at aig@gbsc-usa.com.
This news release does not constitute an offer or an invitation
by AIG to participate in the tender offer in any jurisdiction in
which it is unlawful to make such an offer or solicitation in such
jurisdiction.
Certain statements in this press release, including those
describing the completion of the tender offer, 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 global
insurance organization serving customers in more than 100 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150710005454/en/
AIGInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Jennifer Hendricks
Sullivan, 212-770-3141jennifer.sullivan@aig.com
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