F&G Annuities & Life Announces Redemption of Fidelity & Guaranty Life Holdings 5.50% Senior Notes Due May 1, 2025
F&G Annuities & Life (NYSE: FG) has announced that its subsidiary, Fidelity & Guaranty Life Holdings (FGLH), will redeem all outstanding $300 million aggregate principal amount of its 5.50% Senior Notes on February 1, 2025. The notes were originally due May 1, 2025.
The redemption price will equal 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. Interest will cease to accrue on the notes after the redemption date. Beneficial owners of the notes should contact their bank, broker, or nominee for information about the redemption payment.
F&G Annuities & Life (NYSE: FG) ha annunciato che la sua controllata, Fidelity & Guaranty Life Holdings (FGLH), procederà al rimborso dell'intero importo principale aggregato di 300 milioni di dollari dei suoi Senior Notes al 5,50% il 1 febbraio 2025. I titoli erano originariamente in scadenza il 1 maggio 2025.
Il prezzo di rimborso corrisponderà al 100% dell'importo principale più gli interessi accumulati e non pagati fino alla data di rimborso (esclusa). Gli interessi cesseranno di accumularsi sui titoli dopo la data di rimborso. I proprietari beneficiari dei titoli dovrebbero contattare la propria banca, broker o rappresentante per informazioni sul pagamento del rimborso.
F&G Annuities & Life (NYSE: FG) ha anunciado que su filial, Fidelity & Guaranty Life Holdings (FGLH), redimirá todo el importe principal pendiente de 300 millones de dólares de sus Notas Senior al 5.50% el 1 de febrero de 2025. Las notas originalmente vencían el 1 de mayo de 2025.
El precio de redención será equivalente al 100% del importe principal más los intereses acumulados y no pagados hasta pero excluyendo la fecha de redención. Los intereses dejarán de acumularse sobre las notas después de la fecha de redención. Los propietarios beneficiarios de las notas deberían contactar a su banco, corredor o nominador para obtener información sobre el pago de redención.
F&G 연금 및 생명 (NYSE: FG)는 자회사인 Fidelity & Guaranty Life Holdings (FGLH)가 3억 달러의 5.50% 선순위 채권의 모든 미결제 원금을 2025년 2월 1일에 상환할 것이라고 발표했습니다. 해당 채권은 원래 2025년 5월 1일에 만료될 예정이었습니다.
상환 가격은 원금의 100%와 상환일까지 발생한 미지급 이자를 포함한 금액이 될 것입니다. 상환 날짜 이후에는 채권에 대한 이자가 더 이상 발생하지 않습니다. 채권의 실소유자는 상환 지급에 대한 정보를 얻기 위해 은행, 중개인 또는 대리인에게 연락해야 합니다.
F&G Annuities & Life (NYSE: FG) a annoncé que sa filiale, Fidelity & Guaranty Life Holdings (FGLH), procédera au remboursement de l'intégralité du montant principal en circulation de 300 millions de dollars de ses Notes Senior à 5,50% le 1er février 2025. Les notes arrivaient à échéance le 1er mai 2025.
Le prix de remboursement sera égal à 100 % du montant principal, plus les intérêts accumulés et non payés jusqu'à la date de remboursement, mais à l'exclusion de celle-ci. Les intérêts cesseront de courir sur les notes après la date de remboursement. Les propriétaires bénéficiaires des notes devraient contacter leur banque, leur courtier ou leur représentant pour obtenir des informations sur le paiement du remboursement.
F&G Annuities & Life (NYSE: FG) hat bekannt gegeben, dass ihre Tochtergesellschaft, Fidelity & Guaranty Life Holdings (FGLH), den gesamten ausstehenden Hauptbetrag von 300 Millionen US-Dollar ihrer 5,50% Senior Notes am 1. Februar 2025 zurückzahlen wird. Die Anleihen hatten ursprünglich am 1. Mai 2025 Fälligkeit.
Der Rückzahlungsbetrag entspricht 100% des Hauptbetrags zuzüglich aufgelaufener und nicht gezahlter Zinsen bis, jedoch ohne, das Rückzahlungsdatum. Die Zinsen hören nach dem Rückzahlungsdatum auf zu laufen. Begünstigte Inhaber der Anleihen sollten ihre Bank, ihren Makler oder ihren Treuhänder kontaktieren, um Informationen über die Rückzahlungszahlung zu erhalten.
- Early redemption of $300 million in debt obligations indicates strong cash position
- Debt reduction improves company's financial flexibility and balance sheet strength
- None.
Insights
For a simpler explanation: Imagine paying off a credit card early because you either have the cash or found a better loan with lower interest rates. That's essentially what F&G is doing with their
In everyday terms: When an insurance company pays off its loans early, it's like having more room on a credit card - they can better handle unexpected expenses or invest in growing their business. This flexibility is especially important for companies that need to ensure they can pay their customers' insurance claims.
The notes will be redeemed for a redemption price equal to
Beneficial owners of the notes should contact the bank, broker or nominee through which they hold their beneficial interest for information about the redemption payment.
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
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 of the redemption 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.
FAQ
What is the redemption amount for FG's 5.50% Senior Notes?
When will FG redeem its 5.50% Senior Notes?
What is the redemption price for FG's Senior Notes?
How should FG noteholders claim their redemption payment?
