NEW YORK--(BUSINESS WIRE)--Sep. 9, 2012--
American International Group, Inc. (NYSE: AIG) today announced that the
U.S. Department of the Treasury (Treasury) has launched an offering of
$18 billion of its AIG common stock, par value $2.50 per share (AIG
Common Stock). Treasury will also grant a 30-day option to the
underwriters for the offering to purchase up to an additional $2.7
billion of AIG Common Stock to cover over-allotments, if any.
In connection with Treasury’s offering, AIG has indicated to Treasury
that it intends to purchase up to $5 billion of AIG Common Stock in the
offering, at the initial public offering price, pursuant to a previously
announced authorization granted by the AIG Board of Directors.
Citigroup, Deutsche Bank Securities Inc., Goldman, Sachs & Co., and J.P.
Morgan Securities LLC have been retained as joint global coordinators
for the offering. Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets,
LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Credit Suisse
Securities (USA) LLC and Macquarie Capital (USA) Inc. have been retained
as joint book-runners for the offering.
The offering will be made under AIG’s shelf registration statement filed
with the Securities and Exchange Commission and only by means of a
prospectus supplement and accompanying prospectus. When available, a
copy of the prospectus supplement and accompanying prospectus relating
to the offering may be obtained from the Securities and Exchange
Commission’s Web site at www.sec.gov
or by contacting any of (i) Citigroup Global Markets Inc., Attn:
Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, New York 11220, by calling 800-831-9146 or emailing email@example.com,
(ii) Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, by calling 1-800-503-4611, or by
(iii) Goldman, Sachs & Co. Attn: Prospectus Department, 200 West Street,
New York, New York 10282, by calling toll-free 866-471-2526, by faxing
212-902-9316 or by emailing firstname.lastname@example.org,
or (iv) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, by calling 866 803-9204.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. In
particular, no assurance can be given that the offering or purchase will
be completed. These forward-looking statements are not historical facts
but instead represent only AIG’s belief regarding future events, many of
which, by their nature, are inherently uncertain and outside AIG’s
control. Except for AIG’s ongoing obligation to disclose material
information as required by federal securities laws, AIG is not under any
obligation (and expressly disclaims any obligation) to update or alter
any projections, goals, assumptions, or other statements, whether
written or oral, that may be made from time to time, whether as a result
of new information, future events or otherwise.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. AIG common stock
is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Source: American International Group, Inc.
American International Group, Inc.