debt
confidence high
sentiment neutral
materiality 0.55
AIG launches $1.0B tender offer for 13 series of debt securities
AMERICAN INTERNATIONAL GROUP, INC.
- Aggregate purchase consideration capped at $1.0B (excluding accrued interest).
- Early participation deadline: 5:00 PM NY time on Nov. 20, 2023; expiration Dec. 6, 2023.
- Early tenders receive Total Consideration; late tenders receive Tender Offer Consideration.
- Purchase funded from cash; securities accepted will be retired and cancelled.
- Conditions include no adverse legal or market developments; AIG may waive or extend.