DES
MOINES, Iowa, Feb. 15,
2024 /PRNewswire/ -- F&G Annuities & Life,
Inc. (NYSE: FG) today announced the amendment and extension of its
existing senior unsecured revolving credit facility (the Credit
Facility).
The maturity date of the Credit Facility has been extended by
approximately two years from November 22,
2025 to November 22, 2027.
Total commitments will increase from $665
million to $750 million.
Pricing and advance rates remain unchanged. Financial covenants
also remain essentially the same.
Bank of America Securities, Inc., J.P. Morgan Chase Bank, N.A.,
Royal Bank of Canada and Wells
Fargo Securities, LLC acted as joint lead arrangers and joint book
managers of the Credit Facility.
About F&G
F&G Annuities and 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. For more
information, please visit fglife.com.
Forward-Looking Statements and Risk Factors
This press release contains forward-looking statements that are
subject to known and unknown risks and uncertainties, many of which
are beyond our control. Some of the forward-looking statements can
be identified by the use of terms such as "believes", "expects",
"may", "will", "could", "seeks", "intends", "plans", "estimates",
"anticipates" or other comparable terms. Statements that are not
historical facts, including statements regarding our expectations,
hopes, intentions or strategies regarding the future are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations as to future financial and
operating results and are not statements of fact, actual results
may differ materially from those projected. We undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. The risks
and uncertainties which forward-looking statements are subject to
include, but are not limited to: general economic conditions and
other factors, including prevailing interest and unemployment rate
levels and stock and credit market performance; natural disasters,
public health crises, international tensions and conflicts,
geopolitical events, terrorist acts, labor strikes, political
crisis, accidents and other events; concentration in certain states
for distribution of our products; the impact of interest rate
fluctuations; equity market volatility or disruption; the impact of
credit risk of our counterparties; changes in our assumptions and
estimates regarding amortization of our deferred acquisition costs,
deferred sales inducements and value of business acquired balances;
regulatory changes or actions, including those relating to
regulation of financial services affecting (among other things)
underwriting of insurance products and regulation of the sale,
underwriting and pricing of products and minimum capitalization and
statutory reserve requirements for insurance companies, or the
ability of our insurance subsidiaries to make cash distributions to
us; and other factors discussed in "Risk Factors" and other
sections of F&G's Form 10-K and other filings with the
Securities and Exchange Commission (SEC).
Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
Investor.relations@fglife.com
515.330.3307
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SOURCE F&G Annuities & Life, Inc.