Athene Holding completes $500M preferred share offering at 7.750% fixed rate

Athene Holding Ltd.

Issued 20M depositary shares representing 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series E.
Liquidation preference of $25,000 per preference share ($25 per depositary share); dividends non-cumulative.
Dividends at 7.750% annually until Dec 30, 2027, then reset to 5-Year U.S. Treasury Rate plus 3.962%.
New Series E ranks senior to common shares and pari passu with existing Series A, B, C, and D preferred.
Offering closed on Dec 12, 2022; underwriters included Wells Fargo, BofA, Morgan Stanley, and RBC.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Athene Holding Ltd.: Adopted Certificate of Designations for 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series E (effective 2022-12-12).

Change: charter amendment
Effective: 2022-12-12

Exact text from the filing

In connection with such transaction, the Company adopted a Certificate of Designations (the " Certificate of Designations ") with respect to the Preference Shares.

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Athene Holding Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-22-302886

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