WEST DES MOINES, Iowa--(BUSINESS WIRE)--Jun. 13, 2017--
American Equity Investment Life Holding Company (NYSE: AEL) (“American
Equity” or the “Company”) announced today that it has priced a public
offering of $500 million aggregate principal amount of senior unsecured
notes due 2027 (the “Notes”). The Notes will bear interest at 5.0% and
will mature on June 15, 2027.
The Company intends to use the net proceeds of the offering of the
Notes: (i) to redeem all of the Company’s 6.625% Senior Notes due 2021
and (ii) to prepay in full the Company’s $100 million term loan that
matures on September 30, 2019.
J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as
joint lead book-running managers of the offering, and SunTrust Robinson
Humphrey, Inc. and Citigroup Global Markets Inc. are acting as joint
book-running managers of the offering. The offering is being made
pursuant to an effective shelf registration statement, previously filed
by the Company with the SEC, and is being made solely by means of a
prospectus supplement and accompanying prospectus. A copy of the
prospectus supplement and related base prospectus may be obtained on the
SEC’s website at www.sec.gov.
Alternatively, the underwriters will provide copies upon request to J.P.
Morgan Securities LLC, 383 Madison Ave, New York, New York, 10179,
Attention - Investment Grade Syndicate Desk or telephone collect at
1-212-834-4533 or by mail to Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11787, Attention: Post-Sale Fulfillment or
to RBC Capital Markets, LLC by mail to 200 Vesey Street, 8th Floor, New
York, NY 10281, Attention: DCM Transaction Management, by phone at
1-866-375-6829, by fax at 212-658-6137 or by e-mail at firstname.lastname@example.org.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of American Equity.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to future operations, strategies,
financial results or other developments, and are subject to assumptions,
risks and uncertainties. Statements such as “guidance”, “expect”,
“anticipate”, “believe”, “goal”, “objective”, “target”, “may”, “should”,
“estimate”, “projects” or similar words as well as specific projections
of future results qualify as forward-looking statements. Factors that
may cause our actual results to differ materially from those
contemplated by these forward looking statements can be found in the
company’s Form 10-K filed with the SEC. Forward-looking statements speak
only as of the date the statement was made, and the Company undertakes
no obligation to update such forward-looking statements. There can be no
assurance that other factors not currently anticipated by the Company
will not materially adversely affect our results of operations.
Investors are cautioned not to place undue reliance on any
forward-looking statements made by us or on our behalf.
ABOUT AMERICAN EQUITY
American Equity Investment Life Holding Company, through its
wholly-owned operating subsidiaries, issues fixed annuity and life
insurance products, with a primary emphasis on the sale of fixed index
and fixed rate annuities. American Equity Investment Life Holding
Company, a New York Stock Exchange Listed company (NYSE: AEL), is
headquartered in West Des Moines, Iowa.
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Source: American Equity Investment Life Holding Company
American Equity Investment Life Holding Company
Steven D. Schwartz,
Vice President - Investor Relations