DES MOINES, Iowa, Dec. 12, 2013 /PRNewswire/ -- Fidelity &
Guaranty Life (the "Company") announced today that it has priced an
initial public offering of 9,750,000 shares of common stock at a
price to the public of $17 per
share. The shares are expected to begin trading on the New
York Stock Exchange on December 13,
2013 under the ticker symbol "FGL". The Company has
granted the underwriters a 30-day option to purchase from the
Company up to an additional 1,462,500 shares of common stock.
Credit Suisse, J.P. Morgan and Jefferies are serving as lead
joint book-running managers and as representatives of the
underwriters for the offering. Macquarie Capital and RBC
Capital Markets are acting as book-running managers. Nomura,
Sandler O'Neill + Partners, L.P., Sterne Agee, Cantor Fitzgerald
& Co. and Dowling & Partners Securities LLC are acting as
co-managers for the offering.
Copies of the final prospectus, when available, relating to the
offering may be obtained from Credit Suisse Securities
(USA) LLC, Attention: Prospectus
Department, One Madison Avenue, New York,
New York 10010, (800) 221-1037, email:
newyork.prospectus@credit-suisse.com; J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717; (866)
803-9204; or Jefferies LLC, Equity Syndicate Prospectus Department,
520 Madison Avenue, 12th Floor, New York,
NY 10022, (877) 547-6340, email:
Prospectus_Department@Jefferies.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful, prior to
registration or qualification under the securities laws of any
state.
About Fidelity & Guaranty Life
Fidelity & Guaranty Life is a primary life insurance and
fixed annuity company, with a focus on serving the middle-income
market. Fidelity & Guaranty Life's products are distributed by
independent agents through an established network of independent
marketing organizations. We are headquartered in Des Moines, Iowa.
Contact:
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Fidelity &
Guaranty Life
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Paul Tyler
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410-895-0130
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paul.tyler@fglife.com
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Forward-Looking Statements
This press release includes "forward-looking statements," including
with respect to the initial public offering, within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements
are subject to known and unknown risks and uncertainties, many of
which may be beyond our control. We caution you that the
forward-looking information presented in this press release is not
a guarantee of future events, and that actual events may differ
materially from those made in or suggested by the forward-looking
information contained in this press release. In addition,
forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may," "plan," "seek,"
"comfortable with," "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. Any
forward-looking information presented herein is made only as of the
date of this press release, and we do not undertake any obligation
to update or revise any forward-looking information to reflect
changes in assumptions, the occurrence of unanticipated events, or
otherwise.
SOURCE Fidelity & Guaranty Life