Corebridge Financial Announces Launch of Secondary Offering of Common Stock by AIG
07 Novembre 2024 - 11:30PM
Business Wire
Corebridge Financial, Inc. (NYSE: CRBG) today announced the
launch of a secondary offering of its common stock by American
International Group, Inc. (NYSE: AIG). AIG, as the selling
stockholder, is offering 30 million existing shares of common stock
(out of approximately 568 million total shares of common stock
outstanding) of Corebridge Financial and has granted a 30-day
option to the underwriters to purchase up to an additional 4.5
million shares. All of the net proceeds from the offering will go
to AIG. The last reported per share sale price of Corebridge
Financial common stock on November 6, 2024 was $33.37.
J.P. Morgan and Morgan Stanley are acting as the underwriters
for the offering. The underwriters may offer the shares of common
stock from time to time for sale in one or more transactions on the
NYSE, in the over-the-counter market, through negotiated
transactions or otherwise, at market prices prevailing at the time
of sale, at prices related to prevailing market prices or at
negotiated prices.
The proposed offering of common stock is being made only by
means of a prospectus and accompanying prospectus supplement.
Copies of the prospectus and accompanying prospectus supplement
relating to the offering may be obtained from: J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, or by email at
prospectus-eq_fi@jpmchase.com and
postsalesmanualrequests@broadridge.com, or Morgan Stanley & Co. LLC via mail at 180
Varick Street, 2nd Floor, New York, NY, 10014.
A registration statement relating to these securities was filed
with the U.S. Securities and Exchange Commission (“SEC”) on
November 6, 2023, and became effective automatically. The
registration statement may be obtained free of charge at the SEC’s
website at www.sec.gov (EDGAR/Company Filings) under “Corebridge
Financial, Inc.” This press release does not constitute an offer to
sell or the solicitation of an offer to buy these securities, and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of that state or jurisdiction. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended.
About Corebridge Financial
Corebridge Financial, Inc. makes it possible for more people to
take action in their financial lives. With more than $410 billion
in assets under management and administration as of September 30,
2024, Corebridge Financial is one of the largest providers of
retirement solutions and insurance products in the United States.
We proudly partner with financial professionals and institutions to
help individuals plan, save for and achieve secure financial
futures.
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version on businesswire.com: https://www.businesswire.com/news/home/20241107746250/en/
Işıl Müderrisoğlu (Investors):
investorrelations@corebridgefinancial.com Matt Ward (Media):
media.contact@corebridgefinancial.com
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