debt
confidence high
sentiment neutral
materiality 0.55
F&G issues $550M 6.500% notes due 2029, tenders $250M of 5.50% notes due 2025
F&G Annuities & Life, Inc.
- Issued $550M of 6.500% Senior Notes due 2029; proceeds partly fund tender offer for up to $250M of FGLH's 5.50% Notes due 2025.
- Tender offer early results: $365.3M of 5.50% Notes tendered; $250M accepted at 68.5% proration; settlement June 5, 2024.
- Consideration per $1,000 principal = $1,000, including $50 early tender payment.
- Remaining net proceeds for general corporate purposes, including possible debt repurchase or redemption.