--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-058469" form_type: "8-K" ticker: "ANG-PD" cik: "0001039828" company_name: "American National Group Inc." filed_at: "2024-05-08T23:59:59+00:00" generated_at: "2026-06-02T08:31:26.734366+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # American National Group Inc. formed after merger with Brookfield; $1.75B term loan and preferred ticker change ## Summary - Completed merger with American National Group, LLC (Brookfield Reinsurance subsidiary); now indirect wholly-owned subsidiary of Brookfield Reinsurance. - Entered $1.75B senior unsecured term loan with Bank of Montreal, matures May 2027; prior credit agreement terminated. - Assumed $500M 6.144% Senior Notes due 2032 from ANAT; interest payable June 13 and December 13. - Reincorporated in Delaware, renamed American National Group Inc.; preferred stock tickers to change to ANGPRA and ANGPRB effective May 13, 2024. - Declared Series A dividend of $0.371875/dep. share and Series B dividend of $0.4140625/dep. share, payable June 1, 2024. ## SEC filing metadata - accession: 0001104659-24-058469 - form_type: 8-K - ticker: ANG-PD - cik: 0001039828 - company_name: American National Group Inc. - filed_at: 2024-05-08T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.02, 2.01, 8.01, 2.03, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/tm2413694d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-058469 - JSON: https://secwatch.observer/filing/0001104659-24-058469.json - Plain text: https://secwatch.observer/filing/0001104659-24-058469.txt ## Key facts - Debt Financings American National Group Inc. incurred senior notes of $500 million with Wilmington Trust, National Association at 6.144% per annum maturing June 13, 2032. - Instrument: senior notes - Principal: $500 million - Counterparty: Wilmington Trust, National Association - Rate: 6.144% per annum - Maturity: June 13, 2032 - Event: incurrence source text: On June 13, 2022, ANAT issued $500 million aggregate principal amount of its 6.144% Senior Notes due 2032 (the “ 2032 Notes ”) pursuant to an Indenture, dated as of June 13, 2022 (the “ Base Indenture ”), by and between ANAT and Wilmington Trust, National Association, as trustee (the “ Trustee ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm - Debt Financings American National Group Inc. incurred term loan of $1,750,000,000 with Bank of Montreal at bear interest as determined in accordance with the Term Loan Agreement maturing May 25, 2027. - Instrument: term loan - Principal: $1,750,000,000 - Counterparty: Bank of Montreal - Rate: bear interest as determined in accordance with the Term Loan Agreement - Maturity: May 25, 2027 - Event: incurrence source text: On May 7, 2024 (the “ Effective Date ”), American Equity Investment Life Holding Company, an Iowa corporation (the “ Company ”), entered into a new term loan agreement (the “ Term Loan Agreement ”), among the Company, the lenders from time to time party thereto and Bank of Montreal, as administrative agent. The Term Loan Agreement provides for the incurrence of $1,750,000,000 in senior unsecured term loans (the “ Term Loans ”) with the potential to incur additional incremental term facilities. The Term Loans will mature on May 25, 2027 and will bear interest as determined in accordance with the Term Loan Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm - M&A Transactions American National Group Inc. underwent a change of control involving Brookfield Reinsurance Ltd. for Merger of American National Group, LLC with and into the Company, resulting in the Company becoming an indirect wholly-owned subsidiary of Brookfield Reinsuranc (closed 2024-05-07). - Action: change of control - Counterparty: Brookfield Reinsurance Ltd. - Consideration: Merger of American National Group, LLC with and into the Company, resulting in the Company becoming an indirect wholly-owned subsidiary of Brookfield Reinsuranc - Closing: 2024-05-07 source text: On the Effective Date, the Company, completed its previously announced merger with American National Group, LLC, a Delaware limited liability company (“ ANAT ”) and an indirect, wholly-owned subsidiary of Brookfield Reinsurance Ltd. (“ Brookfield Reinsurance ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm - Material Agreements American National Group Inc. entered into Term Loan Agreement with Bank of Montreal valued at $1,750,000,000 (effective 2024-05-07). - Action: entry - Agreement: credit facility - Counterparty: Bank of Montreal - Value: $1,750,000,000 - Effective: 2024-05-07 source text: On May 7, 2024 (the “ Effective Date ”), American Equity Investment Life Holding Company, an Iowa corporation (the “ Company ”), entered into a new term loan agreement (the “ Term Loan Agreement ”), among the Company, the lenders from time to time party thereto and Bank of Montreal, as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm - Material Agreements American National Group Inc. terminated Credit Agreement with Citizens Bank, N.A. (effective 2024-05-07). - Action: termination - Agreement: credit facility - Counterparty: Citizens Bank, N.A. - Effective: 2024-05-07 source text: On the Effective Date, the Company repaid in full all indebtedness and other obligations outstanding under, and terminated, the Credit Agreement, dated as of February 15, 2022, among the Company, the lenders party thereto, and Citizens Bank, N.A., as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000110465924058469/0001104659-24-058469-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.