secwatch.observer — SEC 8-K summary
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Issuer:     Athene Holding Ltd. (ATH-PA)
CIK:        0001527469
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001527469-23-000043
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Athene establishes ACRA 2 capital vehicle with $640M interest sale to ADIP II; new credit facilities of $1.25B and $2.6B
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- ALRe sold 50% non-voting economic interest in ACRA 2 to Apollo/Athene Dedicated Investment Program II for ~$640M.
- ACRA 2 has $6.5B reserve liabilities as of March 2023; will participate in new inorganic and annuity transactions.
- Citi revolving credit facility of $1.25B (expandable to $1.75B) matures June 30, 2028, replacing prior facility.
- Wells 364-day revolver of $2.6B (expandable to $3.1B) for liquidity and working capital, replacing July 2022 facility.
- Fifteenth Amended and Restated Bye-laws adopted effective July 1, 2023, to reflect ACRA 2 definitional changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527469/000152746923000043/0001527469-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527469/000152746923000043/ahl-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001527469-23-000043

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