Corebridge repurchases ~$150M shares from AIG, Blackstone affiliate at $21.75/share

Corebridge Financial, Inc.

Total repurchase of ~$150M at $21.75/share (NYSE closing price on Dec 14, 2023).
Shares bought from AIG and Argon Holdco LLC (Blackstone affiliate).
Closing expected Dec 18, 2023, subject to customary conditions.
Repurchase limits Blackstone's ownership to 9.95% of the $150M purchase.
Company funded with cash on hand; no change to ongoing buyback program.

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 $150 million (effective 2023-12-14).

Action: entry
Agreement: equity purchase
Counterparty: American International Group, Inc. and an affiliate of Blackstone Inc.
Value: approximately $150 million
Effective: 2023-12-14

Exact text from the filing

On December 14, 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 0001628280-23-041631

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