{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-030670","form_type":"8-K","ticker":"FG","cik":"0001934850","company_name":"F&G Annuities & Life, Inc.","filed_at":"2022-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.985678+00:00","generated_at":"2026-06-21T14:22:28.273265+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"F&G Annuities & Life enters $550M unsecured revolving credit facility","bullets":["Credit agreement with Bank of America, JPMorgan, RBC and others provides up to $550M for working capital and general corporate purposes.","Revolving loans bear interest at Term SOFR plus 130-180 bps or Base Rate plus 30-80 bps depending on debt ratings; currently 165 bps over Term SOFR.","Covenants include minimum net worth (70% of Sept 30, 2022 net worth plus 50% of positive quarterly net income and capital stock issuances) and maximum total debt to total capitalization ratio of 35%.","Insurance subsidiary Fidelity & Guaranty Life must maintain a minimum RBC ratio of 300% if debt ratings fall below BBB-/Baa3/BBB-."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-030670","json":"https://secwatch.observer/filing/0001628280-22-030670.json","markdown":"https://secwatch.observer/filing/0001628280-22-030670.md","text":"https://secwatch.observer/filing/0001628280-22-030670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/fgannuitieslifeinc8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:22:28.273265+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c6b40406ad2541aef2f8856b593ee8f8cd73712","claim":"F&G Annuities & Life, Inc. incurred revolving credit of $550 million with Bank of America, N.A. (as administrative agent) at Term SOFR plus a margin of between 130.0 and 180.0 basis points.","evidence_excerpt":"On November 22, 2022, F&G Annuities & Life, Inc. (“ F&G ) entered into a Credit Agreement (the “ Credit Agreement ”) with the financial institutions party thereto as lenders (the “ Lender s ”) and Bank of America, N.A. as administrative agent (in such capacity, the “ Administrative Agent ”), swing line lender and an issuing bank, pursuant to which the Lenders have made available to F&G an unsecured revolving credit facility in an aggregate principal amount of $550 million to be used for working capital and general corporate purposes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$550 million"},{"label":"Counterparty","value":"Bank of America, N.A. (as administrative agent)"},{"label":"Rate","value":"Term SOFR plus a margin of between 130.0 and 180.0 basis points"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"051b5f2be42be86a4d0dbdf706513fbd498d0bb0","claim":"F&G Annuities & Life, Inc. entered into Credit Agreement with the financial institutions party thereto as lenders and Bank of America, N.A. as administrative agent valued at $550 million (effective 2022-11-22).","evidence_excerpt":"On November 22, 2022, F&G Annuities & Life, Inc. (“ F&G ) entered into a Credit Agreement (the “ Credit Agreement ”) with the financial institutions party thereto as lenders (the “ Lender s ”) and Bank of America, N.A. as administrative agent (in such capacity, the “ Administrative Agent ”), swing line lender and an issuing bank, pursuant to which the Lenders have made available to F&G an unsecured revolving credit facility in an aggregate principal amount of $550 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the financial institutions party thereto as lenders and Bank of America, N.A. as administrative agent"},{"label":"Value","value":"$550 million"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}