AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock
05 Décembre 2023 - 3:22PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
the closing of its secondary offering of shares of Corebridge
Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling
stockholder, sold 35 million existing shares of common stock (out
of approximately 630 million total shares of common stock
outstanding) of Corebridge at a public offering price of $20.50 per
share, which included a 30-day option to the underwriter to
purchase up to an additional 5.25 million shares. AIG remains a
majority shareholder of Corebridge Financial.
The proceeds of the offering to AIG, after deducting
underwriting discounts and commissions and other expenses payable
by AIG, were approximately $712 million. All of the net proceeds
from the offering will go to AIG.
J.P. Morgan acted as the underwriter for the offering.
The offering of common stock was made only by means of a
prospectus and an accompanying prospectus supplement. Copies of the
prospectus and accompanying prospectus supplement relating to the
offering may be obtained by contacting J.P. Morgan via mail, email
or telephone at: J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717;
1-866-803-9204; prospectus-eq_fi@jpmorganchase.com.
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 on 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 AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide insurance
solutions that help businesses and individuals in approximately 70
countries and jurisdictions protect their assets and manage risks.
AIG common stock is listed on the New York Stock Exchange.
About Corebridge Financial
Corebridge Financial, Inc. (CRBG) makes it possible for more
people to take action in their financial lives. With more than $360
billion in assets under management and administration as of
September 30, 2023, 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. Corebridge Financial common stock is listed on
the New York Stock Exchange.
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version on businesswire.com: https://www.businesswire.com/news/home/20231204820964/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com Claire
Talcott (Media): claire.talcott@aig.com
Corebridge Financial (NYSE:CRBG)
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