secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001628280-22-030670
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/0001628280-22-030670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000162828022030670/fgannuitieslifeinc8-k.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-030670

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