#United States #Senior Notes #Des Moines #FG Annuities #FGLH

F&G Annuities & Life Announces Redemption of Senior Notes

On January 16, 2025, F&G Annuities & Life, Inc., who trades under NYSE: FG, revealed plans to redeem all outstanding senior notes from its subsidiary, Fidelity & Guaranty Life Holdings, Inc. (FGLH). These notes, which carry an interest rate of 5.50%, are due on May 1, 2025, and total $300 million in aggregate principal.

Details of the Redemption

The scheduled redemption date for the notes is February 1, 2025. FGLH intends to redeem these notes at a price equivalent to 100% of their principal amount. Additionally, the investors will receive accrued and unpaid interest up to the redemption date. This announcement highlights the company's ongoing commitment to managing its debt efficiently.

As of the redemption date, interest on these notes will cease to accrue, meaning holders will no longer receive interest payments following this date. Beneficial owners of these notes are advised to reach out to their respective banks, brokers, or nominees for specifics on how to proceed with the redemption payments.

About F&G Annuities & Life

Headquartered in Des Moines, Iowa, F&G Annuities & Life aims to help Americans achieve their financial goals through insurance solutions. The company serves both retail and institutional clients, marking its place as a key player in the financial services industry. F&G has built a reputation on reliability and commitment to customer service, establishing itself as a trusted provider of annuities and life products.

Understanding Forward-Looking Statements

The press release from F&G Annuities & Life also contained forward-looking statements, a standard practice under the Private Securities Litigation Reform Act of 1995. These statements often delve into anticipated future actions or trends concerning the company's operations or markets. It serves as a reminder that while management provides insights based on current beliefs and expectations, various unforeseen risks and uncertainties could affect actual outcomes.

Investors interested in further understanding F&G's business trajectory can refer to their comprehensive financial reports, including annual and quarterly filings with the SEC. These documents outline essential information about the company's risks, strategies, and forward-looking statements.

Conclusion

The decision to redeem the senior notes is a strategic move by F&G Annuities & Life to optimize its financial structure while ensuring commitment to its obligations. As F&G prepares for the redemption on February 1, 2025, stakeholders can anticipate further developments from this dynamic company committed to excellence in the financial service sector.