other material
confidence high
sentiment neutral
materiality 0.50
Corebridge closes 500K-share preferred stock offering; restricts common dividends if preferred unpaid
Corebridge Financial, Inc.
- Issued 500,000 shares of 6.875% Fixed Rate Reset Non-Cumulative Preferred Stock, Series A; offering closed Nov 18, 2025.
- Underwriting agreement with Wells Fargo, BofA, Citi, J.P. Morgan and Morgan Stanley dated Nov 13, 2025.
- If preferred dividends not declared, Company cannot pay common dividends or repurchase common shares.
- Certificate of Designations filed with Delaware to establish preferences and rights of the Series A Preferred Stock.