#USA #Financial Services #Des Moines #Junior Subordinated Notes #FG Annuities

F&G Annuities & Life Prices Junior Subordinated Notes Offering

F&G Annuities & Life, Inc. has recently made headlines with the announcement that it has priced a public offering of junior subordinated notes amounting to $375 million. This funding is specifically issued through its 7.300% notes due in 2065. The news reflects the company’s strategic move to enhance its financial position and meet future obligations. The offering is set to close on January 13, 2025, pending the achievement of standard closing conditions.

The organization intends to leverage the net proceeds from this public offering for a variety of corporate purposes. This includes repaying, redeeming, or repurchasing existing debt. Such measures are crucial for ensuring liquidity and a robust capital structure. Investors and stakeholders should find this offering particularly appealing given the current low-interest-rate environment, allowing potential for attractive returns over the long term.

Major financial institutions are involved in this transaction as joint book-running managers. Notable firms such as Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley, and RBC Capital Markets are actively managing this offering. Their involvement provides additional trust and assurance for prospective investors, reflecting F&G's strong network and industry standing, bolstering market confidence for this initiative.

Previously, F&G has been noted for its commitment to helping Americans realize their financial aspirations by offering a broad range of insurance and investment solutions. Headquartered in Des Moines, Iowa, the company is well-positioned in the market, catering to retail annuity and life insurance customers, as well as institutional clients. Its ongoing strategy aims to maximize customer satisfaction while promoting shareholder value through prudent financial management practices.

Available documentation regarding the offering is accessible via the U.S. Securities and Exchange Commission (SEC) website. Specifically, details surrounding the registration statement and the accompanying prospectus can be retrieved from their official channels, ensuring transparency throughout this process. For those interested, the prospectus can also be obtained directly from the involved financial institutions for convenience.

It is crucial to note that this press release is not an offer or solicitation to buy or sell securities. Such activities may be restricted in various jurisdictions, thus, interested parties should exercise caution and verify compliance with local regulations.

The announcement also included forward-looking statements, indicating the potential trajectories and opportunities that F&G anticipates arising from this offering. Risk factors inherent in these predictions were also highlighted, emphasizing that actual outcomes may differ significantly from anticipated results due to numerous external factors.

In conclusion, F&G Annuities & Life's pricing of junior subordinated notes marks a significant step forward for the company, showcasing its ability to navigate the financial landscape effectively. Investors looking for opportunities in the insurance and financial services sector may find this to be a noteworthy development in the ongoing market dynamics.

For more information about this offering and F&G’s services, inquiries can be directed to Lisa Foxworthy-Parker, Senior Vice President of Investor and External Relations.

Contact Details:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
Phone: 515-330-3307
Email: [email protected]