other material
confidence high
sentiment neutral
materiality 0.65
American National Group to issue 12M depositary shares of 7.375% Series D preferred, redeem Series A preferred
American National Group Inc.
- Underwriting agreement signed Jan 7, 2025 for 12,000,000 depositary shares representing 7.375% Series D Non-Cumulative Preferred Stock.
- Proceeds plus cash on hand to fully redeem the 5.95% Series A Preferred Stock and related depositary shares.
- Underwriters: Wells Fargo Securities, J.P. Morgan Securities, Morgan Stanley & Co., RBC Capital Markets.
- Offering under existing shelf registration statement (Form S-3).
- This filing does not constitute a notice of redemption for Series A Preferred.