debt
confidence high
sentiment neutral
materiality 0.50
Corebridge Financial issues $750M in 6.375% junior subordinated notes due 2054
Corebridge Financial, Inc.
- Issued $750M aggregate principal of 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.
- Used a portion of proceeds to repay $250M drawn under existing 3-Year Delayed Draw Term Loan Agreement.
- Remaining proceeds for general corporate purposes.
- Notes issued under Indenture dated Aug 23, 2022 and Second Supplemental Indenture dated Sep 12, 2024.
- Underwriters include BNP Paribas, Citigroup, Morgan Stanley, and Wells Fargo.