DES
MOINES, Iowa, Jan. 6, 2025
/PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG)
("F&G") today announced that it priced a public offering of
$375 million aggregate principal
amount of its 7.300% junior subordinated notes due 2065 (the
"notes"). The offering is expected to close on January 13, 2025, subject to satisfaction of
customary closing conditions.
F&G intends to use the net proceeds of this offering for
general corporate purposes, including the repurchase, redemption or
repayment at maturity of outstanding indebtedness.
Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan
Securities LLC, Morgan Stanley & Co. LLC and RBC Capital
Markets, LLC are acting as joint book-running managers for the
offering of the notes.
The public offering is being made pursuant to a registration
statement (including a prospectus, as supplemented) that F&G
has filed with the U.S. Securities and Exchange Commission (the
"SEC"). Copies of the registration statement may be accessed
through the SEC's website at www.sec.gov. A copy of the prospectus
(as supplemented), when available, may be obtained from Wells Fargo
Securities, LLC toll-free at 1-800-645-3751 or by emailing
wfscustomerservice@wellsfargo.com, BofA Securities, Inc. toll-free
at 1-800-294-1322, J.P. Morgan Securities LLC collect at
1-212-834-4533, Morgan Stanley & Co. LLC, toll-free at
1-866-718-1649 and RBC Capital Markets, LLC toll-free at
1-866-375-6829.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About F&G
F&G is committed to helping
Americans turn their aspirations into reality. F&G is a leading
provider of insurance solutions serving retail annuity and life
customers and institutional clients and is headquartered in
Des Moines, Iowa.
Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements that are not
related to present facts or current conditions or that are not
historical facts, as well as statements that address activities,
events, or developments that F&G anticipates will or may occur
in the future, including, but not limited to, such things as the
anticipated timing and closing of the offering of the notes, the
use of net proceeds from the offering of the notes and other such
matters. You can identify forward-looking statements by words such
as "believe," "expect," "anticipate," "intend," "plan," "estimate,"
"predict," "project," "seek," "outlook," "future," "will," "would,"
"should," "could," "may," "can have," "likely" and similar terms.
Forward-looking statements include statements based on management's
current expectations and assumptions about future events.
Forward-looking statements are subject to known and unknown risks
and uncertainties, many of which are beyond F&G's control, that
could cause actual results to differ materially from those in or
implied by the forward-looking statements. Factors that may cause
such differences include the risks and uncertainties described in
F&G's Annual Report on Form 10-K for the year ended
December 31, 2023, as amended,
F&G's Quarterly Reports on Form 10-Q for the quarterly periods
ended March 31, 2024, June 30, 2024 and September 30, 2024 and the other reports and
filings F&G makes with the SEC. These forward-looking
statements speak only as of the date of this press release. F&G
disclaims any obligation to update or revise any forward-looking
statement, whether as a result of new information, future
developments, changes in assumptions or otherwise.
Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
515.330.3307
Investor.relations@fglife.com
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SOURCE F&G Annuities & Life, Inc.