AIG to Redeem 8.000% and 8.625% Junior Subordinated Debentures Due 2038
April 20 2018 - 4:16PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that it will redeem all of its outstanding 8.000% Series A-7 Junior
Subordinated Debentures due May 22, 2038 (ISIN No. XS0365324838
(144A)/XS0365323608 (Reg. S)) (the “Series A-7 Junior Subordinated
Debentures”) and all of its outstanding 8.625% Series A-8 Junior
Subordinated Debentures due May 22, 2038 (ISIN No. XS0365317113
(144A)/XS0365314284 (Reg. S)) (the “Series A-8 Junior Subordinated
Debentures” and, together with the Series A-7 Junior Subordinated
Debentures, the “Debentures”) on May 22, 2018 (the “Redemption
Date”). On the Redemption Date, AIG will pay to the registered
holders of each series of Debentures a redemption price equal to
100% of the principal amount outstanding, plus accrued and unpaid
interest to, but not including, the Redemption Date. As of April
20, 2018, €12,350,000 aggregate principal amount of the Series A-7
Junior Subordinated Debentures were outstanding and £5,500,000
aggregate principal amount of the Series A-8 Junior Subordinated
Debentures were outstanding.
This press release does not constitute a notice of redemption of
the Debentures. Holders of each series of Debentures should refer
to the applicable notice of redemption delivered to the registered
holders of such series of Debentures by The Bank of New York
Mellon, the trustee with respect to the Debentures.
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 global
insurance organization. Founded in 1919, today AIG member companies
provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. 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
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 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: https://www.businesswire.com/news/home/20180420005699/en/
American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorFernando Melon,
212-770-4630fernando.melon@aig.comorMediaClaire Talcott,
212-458-6343claire.talcott@aig.com
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