REINSURANCE GROUP OF AMERICA INC (RGA): debt financing — RGA issues $650M 5.750% Senior Notes due 2034; net proceeds ~$641M

REINSURANCE GROUP OF AMERICA INC

Principal amount $650M, interest rate 5.750% payable semiannually, maturity Sept 15, 2034.
Net proceeds (before expenses) approx $641M; proceeds for general corporate purposes.
Senior notes are unsecured, rank equally with existing and future senior unsecured debt.
New cross-acceleration threshold set at $225M, higher than some prior note thresholds.
Issued under existing shelf registration; underwriting led by BofA Securities, U.S. Bancorp, Wells Fargo.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

REINSURANCE GROUP OF AMERICA INC incurred senior notes of $650,000,000 with The Bank of New York Mellon Trust Company, N.A. at 5.750% maturing September 15, 2034.

Instrument: senior notes
Principal: $650,000,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.750%
Maturity: September 15, 2034
Event: incurrence

Exact text from the filing

On May 13, 2024, Reinsurance Group of America, Incorporated (the "Company") completed the offering of $650 million aggregate principal amount of its 5.750% Senior Notes due 2034 (the "Senior Notes").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REINSURANCE GROUP OF AMERICA INC entered into Ninth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $650 million (effective 2024-05-13).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $650 million
Effective: 2024-05-13

Exact text from the filing

On May 13, 2024, Reinsurance Group of America, Incorporated (the “Company”) completed the offering of $650 million aggregate principal amount of its 5.750% Senior Notes due 2034

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310 debt financings filed in the last 30 days. Browse all debt financings →

REINSURANCE GROUP OF AMERICA INC filing history →

Source: SEC EDGAR

accession 0001193125-24-137318

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