American International Group, Inc. (NYSE:AIG) today announced
the final results as of 5:00 p.m., New York City time, on July 1,
2015, of its previously announced cash Tender Offers for any and
all of the notes listed in the table below, pursuant to its offer
to purchase dated June 18, 2015 (the “Offer to Purchase”). The
Tender Offers expired at 5:00 p.m., New York City time, on
July 1, 2015. The complete terms of the Tender Offers, including
capitalized terms used but not defined herein, are set forth in the
Offer to Purchase, the related letter of transmittal and the notice
of guaranteed delivery.
AIG expects to accept all notes validly tendered and not
withdrawn (including notes accepted for purchase pursuant to the
guaranteed delivery procedures, if any) and to make payment on or
about July 7, 2015.
As of the Expiration Date, the principal amounts of notes of
each series outstanding and validly tendered and not validly
withdrawn and the Total Consideration per CHF 1,000,
EUR 1,000, JPY 1,000, MXN 1,000 or USD 1,000 principal amount
are as set forth in the table below.
Holders whose notes are accepted in the Tender Offers will
receive the Total Consideration, and, where applicable, a cash
payment representing accrued interest from the most recent interest
payment date to but excluding the Payment Date.
Copies of the Offer to Purchase, the related letter of
transmittal and the notice of guaranteed delivery are available at
the following web address: http://www.gbsc-usa.com/aig/.
# # #
This press release is qualified in its entirety by the Offer to
Purchase, related letter of transmittal and the notice of
guaranteed delivery.
AIG retained Barclays Bank PLC, Barclays Capital Inc., Credit
Suisse Securities (Europe) Limited and Credit Suisse Securities
(USA) LLC as the Joint Lead Dealer Managers. Global Bondholder
Services Corporation was the Information Agent and Depositary. For
additional information regarding the expiration of the Tender
Offers or the Payment Date, please contact: Barclays Bank PLC at
+44 (0) 207 773 8990 (international); Barclays Capital Inc. at
(800) 438-3242 (toll-free) or (212) 528-7581 (collect); Credit
Suisse Securities (Europe) Limited at +44 (0) 207 888 5564; or
Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll-free) or
(212) 538-2147 (collect); or Global Bondholder Services Corporation
at (212) 430-3774 (for banks and brokers only), (866) 924-2200 (for
all others toll-free) or +001-212-430-3774 (international), or by
email at aig@gbsc-usa.com.
Certain statements in this press release, including those
describing the payment for tendered notes in the Tender Offers,
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. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive
worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig.
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 coverage is subject to 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.
Principal Principal
Amount Amount Title of Security and Security
Outstanding Tendered Percent of Amount
Identifier
(millions)
(millions)
Outstanding Tendered Total Consideration
2.275% Fixed Rate Notes Due 8 August
JPY 2,000.0 JPY 200.0 10.0% JPY 1,027.50
2016
ISIN:
XS0263983040
2.275% Fixed Rate Notes due 8 August
JPY 300.0 JPY 100.0 33.3% JPY 1,027.50
2016
ISIN:
XS0263873373
8.59% Fixed Rate Notes due September
MXN 265.1 MXN 7.0 2.6% MXN 1,061.25
15, 2016*
ISIN:
XS0266561769
Fixed Rate Notes due 24 October 2016
JPY 20,000.0 JPY 0.0 0.0% JPY 1,051.25
ISIN:
XS0287306830
2.75 per cent. Notes due 2016†
CHF 53.0 CHF 9.1 17.1% CHF 1,057.50
ISIN:
CH0027962825
7.98% Fixed Rate Notes due 15 June
MXN 752.0 MXN 52.0 6.9% MXN 1,075.00
2017*
ISIN:
XS0305757337
3.375 per cent. Notes due 2017†
CHF 34.5 CHF 16.0 46.3% CHF 1,086.25
ISIN:
CH0031390476
Fixed Rate Notes due 22 November
JPY 20,000.0 JPY 0.0 0.0% JPY 1,065.00
2017
ISIN:
XS0309312469
Fixed Rate Notes due April 24, 2018
JPY 20,000.0 JPY 0.0 0.0% JPY 1,080.00
ISIN:
XS0309298296
Fixed Rate Notes due 23 August 2018
JPY 20,000.0 JPY 0.0 0.0% JPY 1,080.00
ISIN:
XS0309312113
5.450% Medium-Term Notes, Series
USD 243.7 USD 65.1 26.7% USD 1,076.62‡
MP, Matched Investment Program,
Due May 18, 2017
CUSIP:
02687QBW7
ISIN:
US02687QBW78
5.000 per cent. notes due 2017*
EUR 370.2 EUR 39.6 10.7% EUR 1,092.15‡
ISIN:
XS0307512722
_______
* Listed on the Official List of the Irish Stock Exchange and
traded on its regulated market.
† Listed on the SIX Swiss Exchange.
‡ Assuming payment is made on July 7, 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20150702005346/en/
American International Group, Inc.Liz Werner (Investors),
212-770-7074elizabeth.werner@aig.comorJennifer Hendricks Sullivan
(Media), 212-770-3141jennifer.sullivan@aig.com
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