Corebridge to repurchase $200M of common stock from AIG and Blackstone at $16.41/share

Corebridge Financial, Inc.

Repurchase of approx. 12.2M shares at $16.41/share; closing expected June 23, 2023.
AIG sells majority of shares; Blackstone affiliate sells to maintain ≤9.9% ownership.
Repurchase executed under existing Stockholders Agreement provisions.
Consideration paid in cash; company reaffirms solvency post-transaction.

Key facts

Extracted from this filing and checked against the source text.

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

Corebridge Financial, Inc. entered into Share Repurchase Agreement with American International Group, Inc. and an affiliate of Blackstone Inc. valued at approximately $200 million (effective 2023-06-21).

Action: entry
Agreement: equity purchase
Counterparty: American International Group, Inc. and an affiliate of Blackstone Inc.
Value: approximately $200 million
Effective: 2023-06-21

Exact text from the filing

On June 21, 2023, Corebridge Financial, Inc. (the “Company”) entered into a Share Repurchase Agreement (the “Share Repurchase Agreement”) with American International Group, Inc. (“AIG”) and an affiliate of Blackstone Inc. (“Blackstone”).

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Corebridge Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-023151

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