American International Group, Inc. (NYSE: AIG) today announced
the final results as of 5:00 p.m. New York City time, on March 25,
2015 of its previously announced cash tender offers for any and all
of the notes listed in Tables I and II below (the “Notes”),
pursuant to its offer to purchase dated March 17, 2015 (the “Offer
to Purchase”). The complete terms of the tender offers are set
forth in the Offer to Purchase, the related letter of transmittal
and the notice of guaranteed delivery.
AIG expects to accept all Notes validly tendered and not
withdrawn and to make payment on or about March 30, 2015. The Notes
are part of the Direct Investment book (the “DIB”) and will be
purchased using cash allocated to the DIB.
As of the expiration date, the principal amounts of Notes of
each series outstanding and validly tendered and not validly
withdrawn and the Total Consideration per CHF 1,000, EUR 1,000,
JPY 1,000, MXN 1,000, NOK 1,000 or USD 1,000 principal amount
are as set forth in the tables below.
Holders whose Notes are accepted in the tender offers will
receive the Total Consideration listed in Table I or II, as
applicable, and, where applicable, a cash payment representing
accrued interest from the most recent interest payment date to but
excluding the payment date. With respect to Notes accepted for
purchase pursuant to the guaranteed delivery procedures, if any,
holders will receive payment of the Total Consideration, plus
accrued interest, for such accepted Notes (to the extent such Notes
are not delivered prior to the expiration date) three business days
after the expiration date.
AIG retained Barclays Bank PLC, Barclays Capital Inc., BofA
Merrill Lynch, Goldman, Sachs & Co. and Goldman Sachs
International as the Joint Lead Dealer Managers. Global Bondholder
Services Corporation was the Information Agent and Depositary. For
additional information regarding the expiration of the tender
offers or the Payment Date, please contact: Barclays Bank PLC at
+44 (0) 207 773 8990 (international); Barclays Capital Inc. at
(800) 438-3242 (toll-free) or (212) 528-7581 (collect); BofA
Merrill Lynch at +44 (0) 20 7995 2929 (international), (888)
292-0070 (toll-free) or (980) 387-3907 (collect); Goldman, Sachs
& Co. at (800) 828-3182 (toll-free) or (212) 902-5183
(collect); Goldman Sachs International at +44 (0) 207 774 9862
(international); or Global Bondholder Services Corporation at (212)
430-3774 (for banks and brokers only), (866) 924-2200 (for all
others toll-free) or +001-212-430-3774 (international), or by email
at aig@gbsc-usa.com.
Certain statements in this press release, including those
describing the payment for tendered Notes in 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 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: @AIG_LatestNews | 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.
Table I—Any and All Tender Offers—Fixed Price
Securities
Title of Security Issuer Security
Identifier Principal Amount
Outstanding
(in millions)
Principal Amount Tendered
(in millions)
Percent of Amount Outstanding Tendered
Total Consideration 2.275% Fixed Rate Notes Due 8 August
2016 AIG
ISIN: XS0263983040 JPY 2,000.0 JPY 0.0 0.0 %
JPY 1,028.75 2.275% Fixed Rate Notes due 8 August 2016 AIG
ISIN: XS0263873373 JPY 3,000.0 JPY 2,700.0 90.0 % JPY
1,028.75 8.59% Fixed Rate Notes due September 15, 2016 AIG
ISIN: XS0266561769 MXN 437.8 MXN 172.7 39.4 % MXN
1,065.00
Fixed Rate Notes due 24 October 2016
AIG
ISIN: XS0287306830 JPY 20,000.0 JPY 0.0 0.0 % JPY
1,052.50 2.75 per cent. Notes due 2016 AIG
ISIN:
CH0027962825 CHF 114.9 CHF 61.9 53.8 % CHF 1,056.25 7.98% Fixed
Rate Notes due 15 June 2017 AIG
ISIN: XS0305757337 MXN
1,488.0 MXN 136.0 9.1 % MXN 1,075.00 3.375 per cent. Notes due 2017
AIG
ISIN: CH0031390476 CHF 114.7 CHF 80.1 69.9 % CHF
1,085.00 Fixed Rate Notes due 22 November 2017 AIG
ISIN: XS0309312469 JPY 20,000.0 JPY 0.0 0.0 % JPY
1,061.25
Fixed Rate Notes due April 24, 2018
AIG
ISIN: XS0309298296 JPY 20,000.0 JPY 0.0 0.0 % JPY
1,095.00
Title of Security
Issuer Security Identifier
Principal Amount
Outstanding
(in millions)
Principal Amount Tendered
(in millions)
Percent of Amount Outstanding Tendered
Total Consideration
Fixed Rate Notes due 23 August 2018
AIG
ISIN: XS0309312113 JPY 20,000.0 JPY 0.0 0.0 % JPY
1,100.00 Fixed Rate Notes due 2018 AIG-FP Matched Funding Corp.*
ISIN: XS0370704750 NOK 250.0 NOK 0.0 0.0 % NOK
1,190.00 Callable Fixed Rates due 19 March 2047 AIG-FP Matched
Funding Corp.*
ISIN: XS0292331955
EUR 21.8 EUR 0.0 0.0 % EUR 1,088.75 Callable Zero Coupon Notes due
April 2035(1) AIG-FP Matched Funding Corp.*
ISIN: XS0216334028
USD 10.0 USD 10.0 100.0 % USD 1,951.25 Medium-Term Notes, Series
AIG-FP, Floating Rate LIBOR Notes Due November 27, 2046 AIG
CUSIP: 02687QBF4
ISIN: US02687QBF46 USD
20.0 USD 1.7 8.3 % USD 982.50 Medium-Term Notes, Series AIG-FP,
Floating Rate LIBOR Notes Due December 5, 2046 AIG
CUSIP: 02687QBG2
ISIN: US02687QBG29 USD
0.3 USD 0.0 0.0 % USD 982.50 Medium-Term Notes, Series AIG-FP,
Municipal Index Linked Range Accrual Notes Due November 20, 2017(2)
AIG
CUSIP: 02687QDB1
ISIN: US02687QDB14
USD 10.0 USD 0.0 0.0 % USD 1,145.00 Medium-Term Notes, Series
AIG-FP, Floating Rate LIBOR Notes Due November 27, 2047 AIG
CUSIP: 02687QDC9
ISIN: US02687QDC96 USD
2.5 USD 0.0 0.0 % USD 985.00
Title of Security
Issuer Security Identifier Principal
Amount
Outstanding
(in millions)
Principal Amount Tendered
(in millions)
Percent of Amount Outstanding Tendered
Total Consideration DJ-AIGCITR-F2 Commodity Index Linked
Notes Due May 11, 2017(1) AIG-FP Private Funding (Cayman) Limited*
CUSIP: 001379AQ9 (Reg. D)001379AP1 (144A) USD 3.8 USD
0.5 13.3 % USD 660.00 DJ-AIGCITR Commodity Index Linked Notes
Series 2006-B Due July 29, 2016(1) AIG-FP Private Funding (Cayman)
Limited*
CUSIP: 001379AG1 (Reg. D)001379AF3 (144A) USD
7.7 USD 0.1 1.3 % USD 610.00 DJ-AIGCITR-F2 Commodity Index Linked
Notes Due September 26, 2016(1) AIG-FP Private Funding (Cayman)
Limited*
CUSIP: 001378AT5 (Reg. D)001378AS7 (144A) USD
1.5 USD 0.0 0.0 % USD 762.50
________
* Guaranteed by AIG.
(1) Indicates zero coupon notes. Holders of these notes will not
receive accrued interest if their notes are accepted for
payment.
(2) Interest is currently calculated at 7.5% per annum in
accordance with the terms of the Municipal Index Linked Range
Accrual Notes.
Table II—Any and All Tender Offers—Fixed Spread
Securities
Title of Security and Security Identifier
Issuer Principal Amount
Outstanding
(millions)
Principal Amount Tendered
(in millions)
Percent of Amount Outstanding Tendered Reference
Yield Reference Security / Interpolated Rate
Fixed Spread Total Consideration(1)
5.450% Medium-Term Notes, Series MP, Matched Investment Program,
Due May 18, 2017
CUSIP: 02687QBW7
ISIN:
US02687QBW78 AIG USD 840.0 USD 596.1 71.0 % 0.563 % 0.50% U.S.
Treasury due February 28, 2017 47 USD 1,092.95 5.000 per cent.
notes due 2017
ISIN: XS0307512722 AIG EUR 600.0 EUR
229.9 38.3 % 0.101 % June 2017 Interpolated Swap Rate 10 EUR
1,107.19
________
(1) Assuming payment is made on March 30, 2015.
American International Group, Inc.Liz Werner (Investors),
212-770-7074elizabeth.werner@aig.comorJennifer Hendricks Sullivan
(Media), 212-770-3141jennifer.sullivan@aig.com
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