AIG to Redeem Zero Coupon Callable Notes Due 2047
American International Group, Inc. (NYSE: AIG) has announced its plan to redeem all outstanding Zero Coupon Callable Notes Due 2047 on November 22, 2024. The redemption price will be 135.631% of the face amount of the Notes outstanding on the Redemption Date. As of October 21, 2024, the outstanding face amount of the Notes was $400,000,000.
AIG clarifies that this press release is not an official notice of redemption. Holders of the Notes should refer to the formal notice of redemption delivered by The Bank of New York Mellon, the trustee for the Notes. The company also notes that certain statements in the press release regarding the completion of the redemption are forward-looking statements.
American International Group, Inc. (NYSE: AIG) ha annunciato il suo piano di riscattare tutte le Zero Coupon Callable Notes in circolazione con scadenza nel 2047 il 22 novembre 2024. Il prezzo di riscatto sarà 135,631% del valore nominale delle Note in circolazione alla data di riscatto. Al 21 ottobre 2024, il valore nominale delle Note in circolazione era di $400.000.000.
AIG chiarisce che questo comunicato stampa non è un avviso ufficiale di riscatto. I detentori delle Note devono fare riferimento all'avviso formale di riscatto fornito da The Bank of New York Mellon, il fiduciario delle Note. La società segnala inoltre che alcune dichiarazioni nel comunicato stampa riguardo al completamento del riscatto sono dichiarazioni previsionali.
American International Group, Inc. (NYSE: AIG) ha anunciado su plan para canjear todas las Notas Callable de Cupón Cero pendientes con vencimiento en 2047 el 22 de noviembre de 2024. El precio de canje será 135.631% del valor nominal de las Notas pendientes en la Fecha de Canje. Hasta el 21 de octubre de 2024, el valor nominal pendiente de las Notas era de $400,000,000.
AIG aclara que este comunicado de prensa no es un aviso oficial de canje. Los tenedores de las Notas deben consultar el aviso formal de canje entregado por The Bank of New York Mellon, el fideicomisario de las Notas. La empresa también señala que ciertas declaraciones en el comunicado de prensa sobre la finalización del canje son declaraciones prospectivas.
미국 국제 그룹, Inc. (NYSE: AIG)가 2047년 만기 제로 쿠폰 콜 가능 노트를 2024년 11월 22일에 상환할 계획을 발표했습니다. 상환 가격은 상환일 기준으로 명목가의 135.631%이 될 것입니다. 2024년 10월 21일 기준으로, 유통 중인 노트의 명목가치는 $400,000,000 이었습니다.
AIG는 이 보도 자료가 공식 상환 통지가 아님을 명확히 합니다. 노트 보유자는 노트의 신탁자인 The Bank of New York Mellon이 제공한 공식 상환 통지를 참조해야 합니다. 또한 회사는 상환 완료에 대한 보도 자료의 특정 진술이 미래 지향적인 진술임을 언급합니다.
American International Group, Inc. (NYSE: AIG) a annoncé son intention de racheter toutes les Obligations Zero Coupon Callable en circulation arrivant à échéance en 2047 le 22 novembre 2024. Le prix de rachat sera de 135,631% du montant nominal des Obligations en circulation à la date de rachat. Au 21 octobre 2024, le montant nominal en circulation des Obligations était de $400,000,000.
AIG précise que ce communiqué de presse n'est pas un avis officiel de rachat. Les détenteurs des Obligations doivent se référer à l'avis formel de rachat délivré par The Bank of New York Mellon, le fiduciaire des Obligations. La société note également que certaines déclarations faites dans le communiqué de presse concernant l'achèvement du rachat sont des déclarations prospectives.
American International Group, Inc. (NYSE: AIG) hat seinen Plan angekündigt, alle ausstehenden Zero Coupon Callable Notes mit Fälligkeit 2047 am 22. November 2024 einzulösen. Der Rückkaufs-Preis wird 135,631% des Nennbetrags der zum Zeitpunkt der Rückzahlung ausstehenden Notes betragen. Am 21. Oktober 2024 betrug der ausstehende Nennbetrag der Notes $400.000.000.
AIG stellt klar, dass diese Pressemitteilung keine offizielle Rückzahlungsbenachrichtigung ist. Die Inhaber der Notes sollten sich auf die von The Bank of New York Mellon, dem Treuhänder der Notes, übermittelte formelle Rückzahlungsbenachrichtigung beziehen. Das Unternehmen weist auch darauf hin, dass bestimmte Aussagen in der Pressemitteilung über den Abschluss des Rückkaufs zukunftsgerichtete Aussagen sind.
- AIG is redeeming $400 million worth of Zero Coupon Callable Notes
- The redemption price is 135.631% of the face amount, potentially indicating a strong financial position
- None.
Insights
AIG's decision to redeem its Zero Coupon Callable Notes Due 2047 is a strategic financial move that warrants attention. The company is exercising its call option to redeem
This action suggests AIG is confident in its current financial position and may have access to more favorable financing options. By redeeming these notes early, AIG could be aiming to reduce its long-term debt obligations and potentially improve its capital structure. The redemption price of
For investors, this move signals AIG's proactive approach to debt management and could be viewed positively in terms of the company's financial health. However, it's important to note that this redemption will result in a cash outflow, which may impact AIG's liquidity in the short term.
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.
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.
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. 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/20241021655946/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com
Claire Talcott (Media): claire.talcott@aig.com
Source: American International Group, Inc.
FAQ
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