REINSURANCE GROUP OF AMERICA INC (RGA): debt financing — RGA subsidiary issues $500M 7.125% surplus notes due 2043

REINSURANCE GROUP OF AMERICA INC

Chesterfield Re, a subsidiary, issued $500M aggregate principal of 7.125% surplus notes due 2043.
Proceeds fund ceding commission to RGA Reinsurance Co. and for general corporate purposes.
Surplus notes redeemable prior to maturity; upon insolvency, unpaid principal and interest become immediately due.
Notes are unregistered obligations of Chesterfield Re, reflected on RGA's consolidated statements.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

REINSURANCE GROUP OF AMERICA INC incurred senior notes of $500,000,000 at 7.125% maturing due 2043.

Instrument: senior notes
Principal: $500,000,000
Rate: 7.125%
Maturity: due 2043
Event: incurrence

Exact text from the filing

On March 23, 2023, Chesterfield Reinsurance Company (“Chesterfield Re”), a subsidiary of Reinsurance Group of America, Incorporated (the “Company”), entered into a subscription agreement (the “Subscription Agreement”) with unaffiliated financial institutions as purchasers (the “Purchasers”), pursuant to which Chesterfield Re has issued to the Purchasers 7.125% surplus notes due 2043 (the “Surplus Notes”). The aggregate principal amount of Surplus Notes issued pursuant to the Subscription Agreement is $500,000,000.

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Source: SEC EDGAR

accession 0001193125-23-080562

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