DES
MOINES, Iowa, Oct. 1, 2024
/PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG)
("F&G") today announced that it priced a public offering of
$500 million aggregate principal
amount of its 6.250% senior notes due 2034 (the "notes"). The
offering is expected to close on October 4,
2024, subject to satisfaction of customary closing
conditions.
The notes will be guaranteed on an unsecured, unsubordinated
basis by each of F&G's subsidiaries that are guarantors of
F&G's obligations under its existing credit agreement.
F&G intends to use the net proceeds of this offering to
repay borrowings under its revolving credit facility and for
general corporate purposes, including the support of organic growth
opportunities.
Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan
Securities LLC and RBC Capital Markets, LLC are acting as joint
book-running managers for the offering of the notes.
The public offering is being made pursuant to a registration
statement (including a prospectus, as supplemented) that F&G
has filed with the U.S. Securities and Exchange Commission (the
"SEC"). Copies of the registration statement may be accessed
through the SEC's website at www.sec.gov. A copy of the
prospectus (as supplemented), when available, may be obtained from
Wells Fargo Securities, LLC toll-free at 1-800-645-3751 or by
emailing wfscustomerservice@wellsfargo.com, BofA Securities, Inc.
toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at
1-212-834-4533 and RBC Capital Markets, LLC toll-free at
1-866-375-6829.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About F&G
F&G is committed to helping
Americans turn their aspirations into reality. F&G is a
leading provider of insurance solutions serving retail annuity and
life customers and institutional clients and is headquartered in
Des Moines, Iowa.
Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements that are
not related to present facts or current conditions or that are not
historical facts, as well as statements that address activities,
events, or developments that F&G anticipates will or may occur
in the future, including, but not limited to, such things as the
anticipated timing and closing of the offering of the notes, the
use of net proceeds from the offering of the notes and other such
matters. You can identify forward-looking statements by words
such as "believe," "expect," "anticipate," "intend," "plan,"
"estimate," "predict," "project," "seek," "outlook," "future,"
"will," "would," "should," "could," "may," "can have," "likely" and
similar terms. Forward-looking statements include statements
based on management's current expectations and assumptions about
future events. Forward-looking statements are subject to
known and unknown risks and uncertainties, many of which are beyond
F&G's control, that could cause actual results to differ
materially from those in or implied by the forward-looking
statements. Factors that may cause such differences include
the risks and uncertainties described in F&G's Annual Report on
Form 10-K for the year ended December 31,
2023, as amended, F&G's Quarterly Reports on Form 10-Q
for the quarterly periods ended March 31,
2024 and June 30, 2024 and the
other reports and filings F&G makes with the SEC. These
forward-looking statements speak only as of the date of this press
release. F&G disclaims any obligation to update or revise
any forward-looking statement, whether as a result of new
information, future developments, changes in assumptions or
otherwise.
Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
515.330.3307
Investor.relations@fglife.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/fg-annuities--life-prices-senior-unsecured-notes-offering-302264795.html
SOURCE F&G Annuities & Life, Inc.
