debt
confidence high
sentiment neutral
materiality 0.55
AIG upsizes tender offer to $1.5B; accepts $1.37B in principal plus €179M
AMERICAN INTERNATIONAL GROUP, INC.
- Upsized Tender Offer aggregate purchase price to $1.5B (excl. accrued interest) from undisclosed prior cap.
- $3.35B USD and €524.8M in debt tendered, exceeding cap; acceptance limited to highest-priority series.
- Fully accepted 2.500% Notes Due 2025 ($854M) and 3.900% Notes Due 2026 ($514M); prorated 36.14% for €1.875% Notes Due 2027.
- Early settlement on Nov 22, 2023; holders receive Total Consideration plus accrued interest.
- All other tendered series (9 series) not accepted; returned to holders.