WEST DES MOINES, Iowa, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Athene Holding Ltd. ("Athene") today announced it has agreed to sell $600 million aggregate principal amount of 6.625% fixed-rate reset junior subordinated debentures due 2054. The offering is expected to close on October 10, 2024, subject to satisfaction of customary closing conditions.
Athene intends to use the net proceeds from the offering for general corporate purposes, which may include the future redemption or repurchase of its $600,000,000 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Series C Preferred Stock. This press release does not constitute a notice of redemption with respect to, or an offer to purchase, any securities.
Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the offering. Apollo Global Securities, BMO Capital Markets, BNP PARIBAS, Ramirez & Co., Inc., SOCIETE GENERALE, Siebert Williams Shank and SMBC Nikko are acting as co-managers for the offering.
The debentures are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the "SEC"). This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such ...
