debt
confidence high
sentiment neutral
materiality 0.55
AIG upsizes cash tender offer to $1.16B, accepts $1.13B in notes
AMERICAN INTERNATIONAL GROUP, INC.
- Initial Maximum Purchase Consideration of $750M increased to $1.16B.
- Total $2.02B principal tendered; AIG accepted $1.134B (excluding guaranteed delivery).
- Accepted series: Priority Levels 1-6, 8, and 10; notes of series 7,9,11-12 returned.
- Initial settlement date December 16, 2024; Guaranteed Delivery settlement December 18.
- AIG used BofA Securities and Citigroup as lead dealer managers.