NEW YORK--(BUSINESS WIRE)--Feb. 26, 2016--
American International Group, Inc. (NYSE:AIG) today announced the
closing of the sale of $1,500,000,000 aggregate principal amount of
AIG’s 3.300% Notes due 2021. AIG has determined that the closing of this
notes offering satisfies the financing condition of its previously
announced maximum cash tender offer for certain notes and debentures
issued or guaranteed by AIG described in the offer to purchase, dated
February 23, 2016. The tender offer remains subject to certain other
conditions, including the absence of any adverse legal and market
developments. The early participation date for the tender offer is 5:00
p.m., New York City time, on March 7, 2016 and the expiration date of
the tender offer is 11:59 p.m., New York City time, on March 21, 2016,
unless extended. The payment date for the tender offer will be promptly
following its expiration and is expected to be on or about March 23,
This press release is qualified in its entirety by the offer to purchase
and related letter of transmittal.
Global Bondholder Services Corporation is the Information Agent and
Depositary for the tender offer. Requests for documents related to the
tender offer and questions regarding the tendering of securities may be
directed to Global Bondholder Services Corporation by telephone at (212)
430-3774 (for banks and brokers only), (866) 924-2200 (for all others
toll-free) or +001 (212) 430-3774 (international), by email at email@example.com.
This news release does not constitute an offer or an invitation by AIG
to participate in the tender offer in any jurisdiction in which it is
unlawful to make such an offer or solicitation in such jurisdiction.
Certain statements in this press release, including those describing the
completion of the tender offer, constitute forward-looking statements.
These 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. It is possible that
actual results will differ, possibly materially, from the anticipated
results indicated in these statements. Factors that could cause actual
results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today we provide a wide range of property
casualty insurance, life insurance, retirement products, mortgage
insurance and other financial services to customers in more than 100
countries and jurisdictions. Our diverse offerings include products and
services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites are not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160226005652/en/
Source: American International Group, Inc.
Liz Werner, 212-770-7074