AIG to Redeem 4.875% Notes Due 2022

Rhea-AI Summary

American International Group (NYSE: AIG) will redeem all outstanding 4.875% Notes Due 2022 on September 7, 2021, with $1.5 billion principal amount still outstanding as of August 6, 2021. The redemption price will be based on the indenture governing the Notes, plus accrued interest up to the Redemption Date. AIG advises that this press release does not serve as a notice of redemption; holders should refer to the notice delivered by The Bank of New York Mellon. Forward-looking statements regarding the redemption process may differ from actual results due to uncertainty.

Positive

• AIG is redeeming $1.5 billion of outstanding Notes, which could enhance financial flexibility.

Negative

• Redemption of Notes may indicate a substantial cash outflow affecting liquidity.

American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding 4.875% Notes Due 2022 (Common Code 026874CU9/ ISIN US026874CU91) (the “Notes”) on September 7, 2021 (the “Redemption Date”). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price per $1,000 principal amount of Notes as determined in accordance with the indenture governing the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. As of August 6, 2021, $1,500,000,000 aggregate principal amount of the Notes were outstanding.

This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by The Bank of New York Mellon, the trustee with respect to the Notes.

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Certain statements in this press release, including those describing the completion of the redemption, constitute forward-looking statements. These statements are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG’s periodic filings with the SEC pursuant to the Securities Exchange Act of 1934.

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American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005478/en/

FAQ

What will AIG do with its 4.875% Notes Due 2022?

AIG will redeem all outstanding 4.875% Notes Due 2022 on September 7, 2021.

How much is AIG redeeming in Notes?

AIG is redeeming $1.5 billion in 4.875% Notes Due 2022.

What is the redemption date for AIG's 4.875% Notes?

The redemption date for AIG's 4.875% Notes is September 7, 2021.

Will AIG provide any notice for the redemption?

Yes, AIG advises holders to refer to the notice delivered by The Bank of New York Mellon.

Are forward-looking statements included in AIG's press release?

Yes, the press release contains forward-looking statements regarding the redemption process.