AIG To Redeem 4.875% Notes Due 2016 and 3.800% Notes Due 2017
July 01 2014 - 4:10PM
Business Wire
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.
American International Group, Inc.MediaMolly Binenfeld,
212-770-314molly.binenfeld@aig.comorInvestorsLiz Werner,
212-770-7074elizabeth.werner@aig.com
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