secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001934850-24-000005
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 5.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F&G issues $250M 6.875% mandatory convertible preferred to parent FNF for growth capital
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- Issued 5M shares of 6.875% Series A Mandatory Convertible Preferred Stock to FNF for $250M cash.
- Mandatory conversion on Jan 15, 2027 into 0.9456 to 1.1111 shares of common per preferred share.
- Dividends cumulative at 6.875% on $50 liquidation preference, payable quarterly starting April 15, 2024.
- Transaction approved by Special Committee of independent directors with Barclays as financial advisor.
- Proceeds will support growth of insurance subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485024000005/0001934850-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485024000005/fg-20240112.htm
  HTML page:      https://secwatch.observer/filing/0001934850-24-000005

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