Bermuda-based Athene Holding Ltd. (“Athene”) announced today the
pricing of an underwritten secondary offering (the “Offering”) of
27,500,000 of its Class A common shares, an increase of 2,500,000
Class A common shares from the original offering amount, at a price
to the public of $48.50 per share. All of the Class A common shares
are being sold by certain shareholders of Athene, and Athene will
not receive any proceeds from the Offering. The underwriters have a
30-day option to purchase up to an additional 4,125,000 Class A
common shares (an increase of 375,000 Class A common shares from
the original offering amount) from certain of the selling
shareholders at the Offering price of $48.50 per share, less the
underwriting discount.
Athene’s Class A common shares on the New York Stock Exchange
are listed under the symbol “ATH.”
The closing of the offering is expected to occur on April 3,
2017, subject to satisfaction of customary closing conditions.
Goldman, Sachs & Co., Barclays, Citigroup and Wells Fargo
Securities are acting as joint book runners of the offering and
representatives of the underwriters. Additionally, BofA Merrill
Lynch, BMO Capital Markets, Credit Suisse, Deutsche Bank
Securities, J.P. Morgan, Morgan Stanley, RBC Capital Markets,
Evercore ISI, Keefe, Bruyette & Woods, A Stifel Company,
Sandler O’Neill + Partners, L.P., SunTrust Robinson Humphrey and
UBS Investment Bank are acting as book runners of the offering.
The offering will be made only by means of a prospectus. A copy
of the prospectus related to the offering may be obtained from
Goldman, Sachs & Co. at: Goldman, Sachs & Co., Prospectus
Department, 200 West Street, New York, NY 10282; telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com; Barclays Capital Inc. at: Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717; telephone: 888-603-5847 or by emailing:
Barclaysprospectus@broadridge.com;
Citigroup Global Markets Inc. at: Citigroup Global Markets Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone: 800-831-9146; or Wells Fargo Securities,
LLC at: Wells Fargo Securities, LLC, Attn: Equity Syndicate, 375
Park Avenue, 4th Floor, New York, New York 10152; telephone:
800-326-5897 or by e-mailing cmclientsupport@wellsfargo.com.
A registration statement, including a prospectus, on Form S-1
relating to the Company’s Class A common shares was declared
effective by the U.S. Securities and Exchange Commission.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Athene Holding Ltd.
Athene, through its subsidiaries, is a leading retirement
services company that issues, reinsures and acquires retirement
savings products designed for the increasing number of individuals
and institutions seeking to fund retirement needs. The products
offered by Athene include:
- Retail fixed and fixed indexed annuity
products;
- Co-insurance and reinsurance
arrangements with third-party annuity providers; and
- Institutional products, such as funding
agreements.
Athene's principal subsidiaries include Athene Annuity &
Life Assurance Company, a Delaware-domiciled insurance company,
Athene Annuity and Life Company, an Iowa-domiciled insurance
company, Athene Annuity & Life Assurance Company of New York
and Athene Life Insurance Company of New York, New York-domiciled
insurance companies, Athene Life Re Ltd., a Bermuda-domiciled
reinsurer and Athene Lebensversicherung AG, a German-based life
insurance company.
Safe Harbor for Forward-Looking StatementsThis press
release contains, and certain oral statements made by Athene’s
representatives from time to time may contain, forward-looking
statements. Such statements are subject to risks and uncertainties
that could cause actual results, events and developments to differ
materially from those set forth in, or implied by, such statements.
These statements are based on the beliefs and assumptions of
Athene’s management and the management of Athene’s subsidiaries.
Generally, forward-looking statements include actions, events,
results, strategies and expectations and are often identifiable by
use of the words “believes,” “expects,” “intends,” “anticipates,”
“plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,”
“might,” or “continues” or similar expressions. Factors that could
cause actual results, events and developments to differ include,
without limitation: the accuracy of Athene’s assumptions and
estimates; Athene’s ability to maintain or improve financial
strength ratings; Athene’s ability to manage its business in a
highly regulated industry; regulatory changes or actions; the
impact of Athene’s reinsurers failing to meet their assumed
obligations; the impact of interest rate fluctuations; changes in
the federal income tax laws and regulations; litigation (including
class action litigation), enforcement investigations or regulatory
scrutiny; the performance of third parties; the loss of key
personnel; telecommunication, information technology and other
operational systems failures; the continued availability of
capital; new accounting rules or changes to existing accounting
rules; general economic conditions; Athene’s ability to protect its
intellectual property; the ability to maintain or obtain approval
of the Delaware Department of Insurance, the Iowa Insurance
Division, the New York Department of Financial Services, the
Bermuda Monetary Authority and other regulatory authorities as
required for Athene’s operations; and other factors discussed from
time to time in Athene’s filings with the SEC, including Athene’s
Registration Statement on Form S-1, as amended (File No.
333-216758), which can be found at the SEC’s website
www.sec.gov.
All forward-looking statements described herein are qualified by
these cautionary statements and there can be no assurance that the
actual results, events or developments referenced herein will occur
or be realized. Athene does not undertake any obligation to update
or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operation results.
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version on businesswire.com: http://www.businesswire.com/news/home/20170328006603/en/
Athene Holding Ltd.Media:Karen Lynn, +1
441-279-8460 or +1 515-342-3910klynn@athene.comorInvestor
Relations:Paige Hart, +1 441-279-8527 or +1
310-698-4478phart@athene.com
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