American International Group, Inc. (NYSE: AIG) today announced the pricing terms for each series of the Notes included in its previously announced tender offers (the "Offers") to purchase outstanding notes of the series listed in the table below (collectively, the "Notes") for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The Offers are being made pursuant to AIG's Offer to Purchase, dated December 6, 2024 (the "Offer to Purchase"), which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. Set forth below are the applicable Reference Yields and Total Consideration for each series of Notes, as calculated at 10:00 a.m. today, December 12, 2024, in accordance with the Offer to Purchase. Principal Acceptance First Amount Reference Fixed Spread Bloomberg Total Priority Title of Par Call Maturity Outstanding Reference Security (basis Reference Consideration Level(1) Security CUSIP/ISIN Date(2) Date (millions) Security(3) Yield points)(3) Page (2)(3) ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- 8.175% Series A-6 Junior Subordinated 4.250% UST Debentures 026874BS5 / May 15, May 15, due 195 1 Due 2058(4) US026874BS54 2038 2058 $162.2 11/15/2034 4.304% bps PX1 $1,172.61 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- November 4.250% UST 6.820% Notes 026874CW5 / 15, due 2 Due 2037 US026874CW57 N/A 2037 $143.4 11/15/2034 4.304% 95 bps PX1 $1,145.44 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- 4.250% UST 6.250% Notes 026874AZ0 / May 1, due 3 Due 2036 US026874AZ07 N/A 2036 $584.3 11/15/2034 4.304% 80 bps PX1 $1,097.90 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- 6.250% Series A-1 Junior Subordinated March 4.250% UST Debentures 026874BE6 / 15, due 4 Due 2037 US026874BE68 N/A 2037 $37.7 11/15/2034 4.304% 185 bps PX1 $1,008.06 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- 5.750% Series A-9 Junior Subordinated 4.125% UST Debentures 026874DM6 / April 1, April 1, due 5 Due 2048(4) US026874DM66 2028 2048 $750.0 11/30/2029 4.156% 130 bps PX1 $1,008.66 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- January 4.625% UST 4.800% Notes 026874DF1 / 10, July 10, due 6 Due 2045 US026874DF16 2045 2045 $750.0 11/15/2044 4.599% 80 bps PX1 $926.11 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- 4.250% UST 4.750% Notes 026874DL8 / October April 1, due 7 Due 2048 US026874DL83 1, 2047 2048 $1,000.0 8/15/2054 4.538% 85 bps PX1 $915.84 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- January 4.250% UST 4.700% Notes 026874DE4 / 10, July 10, due 8 Due 2035 US026874DE41 2035 2035 $222.7 11/15/2034 4.304% 85 bps PX1 $963.33 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ----------------- --------- ------------- January 4.625% UST 4.500% Notes 026874DA2 / 16, July 16, due 9 Due 2044 US026874DA29 2044 2044 $746.6 11/15/2044 4.599% 80 bps PX1 $892.11 ---------- ------------- ------------ -------- -------- ----------- ----------- --------- ------------
Bellwether