---
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"
generated_at: "2026-06-21T14:22:28.273265+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# F&G Annuities & Life enters $550M unsecured revolving credit facility

## Summary
- 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-.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-030670
- JSON: https://secwatch.observer/filing/0001628280-22-030670.json
- Plain text: https://secwatch.observer/filing/0001628280-22-030670.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $550 million
  - Counterparty: Bank of America, N.A. (as administrative agent)
  - Rate: Term SOFR plus a margin of between 130.0 and 180.0 basis points
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the financial institutions party thereto as lenders and Bank of America, N.A. as administrative agent
  - Value: $550 million
  - Effective: 2022-11-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.