DES
MOINES, Iowa, Jan. 9, 2023
/PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG)
("F&G"), a leading provider of insurance solutions serving
retail annuity and life customers and institutional clients, today
announced that it priced a private offering of $500,000,000 aggregate principal amount of 7.40%
senior notes due 2028 (the "notes"). The offering is expected to
close on January 13, 2023, subject to
satisfaction of customary closing conditions.
The notes will be guaranteed on an unsecured, unsubordinated
basis by each of F&G's subsidiaries that are guarantors of
F&G's obligations under its existing credit agreement.
F&G intends to use the net proceeds from the sale of the
notes for general corporate purposes, including to support the
growth of assets under management and for F&G's future
liquidity requirements.
The notes have not been registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), any state securities
laws or the securities laws of any other jurisdiction and may not
be offered or sold in the United
States absent registration or an applicable exemption from
registration. Accordingly, the notes are being offered and sold
only to persons reasonably believed to be qualified institutional
buyers in accordance with Rule 144A under the Securities Act and to
non-U.S. persons outside the United
States in reliance on Regulation S under the Securities Act.
F&G expects to enter into a registration rights agreement in
connection with the offering.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About F&G
F&G Annuities & Life, Inc. 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 Des Moines,
Iowa.
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 and closing of the offering of the notes, the
use of net proceeds from the offering 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 filings with the Securities and Exchange Commission.
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 Fidelity & Guaranty Life