09/27/2024 | Press release | Distributed by Public on 09/27/2024 06:01
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Per Note
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Total
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Initial public offering price(1)
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| | | | 99.953% | | | | | $ | 599,718,000 | | |
Underwriting discount
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| | | | 0.600% | | | | | $ | 3,600,000 | | |
Proceeds, before expenses, to American National Group Inc.(1)
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| | | | 99.353% | | | | | $ | 596,118,000 | | |
| CIBC Capital Markets | | |
HSBC
|
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Mizuho
|
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| TD Securities | | |
US Bancorp
|
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Barclays
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| Citigroup | | |
Credit Agricole CIB
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PNC Capital Markets LLC
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Page
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PROSPECTUS SUPPLEMENT
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
MARKETING AND INDUSTRY INFORMATION
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| | | | S-2 | | |
FORWARD-LOOKING STATEMENTS
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| | | | S-2 | | |
SUMMARY
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| | | | S-4 | | |
RISK FACTORS
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| | | | S-8 | | |
USE OF PROCEEDS
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| | | | S-15 | | |
CONSOLIDATED CAPITALIZATION OF THE COMPANY
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| | | | S-16 | | |
DESCRIPTION OF NOTES
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| | | | S-18 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
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| | | | S-26 | | |
CERTAIN ERISA CONSIDERATIONS
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| | | | S-31 | | |
UNDERWRITING (CONFLICTS OF INTEREST)
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| | | | S-34 | | |
LEGAL MATTERS
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| | | | S-41 | | |
EXPERTS
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| | | | S-41 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-42 | | |
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
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| | | | S-42 | | |
PROSPECTUS
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
USE OF PROCEEDS
|
| | | | 3 | | |
DESCRIPTION OF THE DEBT SECURITIES
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| | | | 3 | | |
DESCRIPTION OF PREFERRED STOCK
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| | | | 15 | | |
DESCRIPTION OF DEPOSITARY SHARES
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| | | | 28 | | |
PLAN OF DISTRIBUTION
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| | | | 31 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | 33 | | |
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
|
| | | | 33 | | |
LEGAL MATTERS
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| | | | 34 | | |
EXPERTS
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| | | | 34 | | |
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As of June 30, 2024
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Actual
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As adjusted(1)
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(unaudited, in millions)
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Cash and Cash Equivalents(2)
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| | | $ | 13,895 | | | | | $ | 13,890 | | |
Long-Term Obligations: | | | | | | | | | | | | | |
Term Loan A due 2027(3)(4)
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| | | | 1,896 | | | | | | 1,296 | | |
5.000% Senior Notes due 2027(4)
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| | | | 482 | | | | | | 482 | | |
5.750% Senior Notes due 2029 offered hereby(4)
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| | | | - | | | | | | 595 | | |
6.144% Senior Notes due 2032(4)
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| | | | 496 | | | | | | 496 | | |
Subordinated Debentures due 2047(4)(5)
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| | | | 84 | | | | | | 84 | | |
Total Debt(4)
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| | | $ | 2,958 | | | | | $ | 2,953 | | |
Equity: | | | | | | | | | | | | | |
Preferred Stock, Series A
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| | | | 389 | | | | | | 389 | | |
Preferred Stock, Series B
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| | | | 296 | | | | | | 296 | | |
Additional Paid-In Capital
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| | | | 6,935 | | | | | | 6,935 | | |
Accumulated Other Comprehensive Income (Loss)
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| | | | 445 | | | | | | 445 | | |
Retained earnings
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| | | | 1,005 | | | | | | 1,005 | | |
Total American National Group Inc. Stockholders' Equity
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| | | | 9,070 | | | | | | 9,070 | | |
Non-controlling interests
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| | | | 187 | | | | | | 187 | | |
Total Stockholders' Equity
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| | | $ | 9,257 | | | | | $ | 9,257 | | |
Total Capitalization
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| | | $ | 12,215 | | | | | $ | 12,210 | | |
Underwriters
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Principal Amount
of Notes |
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Wells Fargo Securities, LLC
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| | | $ | 108,000,000 | | |
BMO Capital Markets Corp.
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| | | | 108,000,000 | | |
BNP Paribas Securities Corp.
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| | | | 108,000,000 | | |
RBC Capital Markets, LLC
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| | | | 48,000,000 | | |
Brookfield Securities LLC
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| | | | 30,000,000 | | |
CIBC World Markets Corp.
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| | | | 30,000,000 | | |
HSBC Securities (USA) Inc.
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| | | | 30,000,000 | | |
Mizuho Securities USA LLC
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| | | | 30,000,000 | | |
TD Securities (USA) LLC
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| | | | 30,000,000 | | |
U.S. Bancorp Investments, Inc.
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| | | | 30,000,000 | | |
Barclays Capital Inc.
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| | | | 12,000,000 | | |
Citigroup Global Markets Inc.
|
| | | | 12,000,000 | | |
Credit Agricole Securities (USA) Inc.
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| | | | 12,000,000 | | |
PNC Capital Markets LLC
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| | | | 12,000,000 | | |
Total
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| | | $ | 600,000,000 | | |
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Per Note
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| | | | 0.600% | | |
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Total
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| | | $ | 3,600,000 | | |
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Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
USE OF PROCEEDS
|
| | | | 3 | | |
DESCRIPTION OF THE DEBT SECURITIES
|
| | | | 3 | | |
DESCRIPTION OF PREFERRED STOCK
|
| | | | 15 | | |
DESCRIPTION OF DEPOSITARY SHARES
|
| | | | 28 | | |
PLAN OF DISTRIBUTION
|
| | | | 31 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 33 | | |
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
|
| | | | 33 | | |
LEGAL MATTERS
|
| | | | 34 | | |
EXPERTS
|
| | | | 34 | | |
| CIBC Capital Markets | | |
HSBC
|
| |
Mizuho
|
|
| TD Securities | | |
US Bancorp
|
| |
Barclays
|
|
| Citigroup | | |
Credit Agricole CIB
|
| |
PNC Capital Markets LLC
|
|