StockNews.AI
FG
StockNews.AI
215 days

F&G Annuities & Life Announces Redemption of Fidelity & Guaranty Life Holdings 5.50% Senior Notes Due May 1, 2025

1. F&G to redeem $300 million Senior Notes on February 1, 2025. 2. Redemption to cover principal and unpaid interest, ceasing interest accrual afterward. 3. Forward-looking statements include future events and management expectations. 4. Redemption reflects F&G's financial strategies and capital management.

5m saved
Insight
Article

FAQ

Why Bullish?

The redemption indicates strong financial health. Similar actions have positively affected stock prices in the past.

How important is it?

The announcement of note redemption directly relates to F&G's financial positioning and strategy.

Why Short Term?

Immediate financial changes will influence short-term stock perception. This often leads to quick price reactions.

Related Companies

FGLHFG
, /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) today announced that its subsidiary Fidelity & Guaranty Life Holdings, Inc. (FGLH) will redeem on February 1, 2025, all outstanding $300 million aggregate principal amount of FGLH's 5.50% Senior Notes due May 1, 2025. The notes will be redeemed for a redemption price equal to 100% of principal amount of the notes plus accrued and unpaid interest to, but excluding, the redemption date. On and after the redemption date, interest will cease to accrue on the notes. 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&GF&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 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 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-ParkerSVP of Investor & External Relations515.330.3307[email protected] SOURCE F&G Annuities & Life, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News