debt
confidence high
sentiment neutral
materiality 0.50
Corebridge Financial, Inc. (CRBG): debt financing — Corebridge issues $750M of 5.750% Senior Notes due 2034, repays term loan
Corebridge Financial, Inc.
- $750M aggregate principal of 5.750% Senior Notes due 2034 issued on Dec 8, 2023.
- Net proceeds plus cash used to repay $750M of $1.0B drawn under 3-Year Delayed Draw Term Loan.
- Underwriters: Goldman Sachs, Morgan Stanley, and Wells Fargo Securities.
- Notes issued under Eighth Supplemental Indenture with BNY Mellon as trustee.
- Legal opinion on validity provided by Debevoise & Plimpton LLP.