American International Group, Inc. yesterday announced that it has priced the secondary offering of Corebridge Financial, Inc. common stock at $16.25 per share. The offering is expected to close on June 12, 2023, subject to customary closing conditions.
AIG, as the selling stockholder, has offered 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge, corresponding to approximately $1.1 billion of gross proceeds. AIG has also granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares. All of the net proceeds from the offering will go to AIG.
J.P. Morgan is acting as Global Coordinator and an Active Bookrunner for the offering. Morgan Stanley, BofA Securities and Piper Sandler are also acting as Active Bookrunners for the offering.
The offering of these securities is being made only by means of a prospectus. A registration statement relating to the offering has been filed with the U.S. Securities and Exchange Commission and was declared effective on June 7, 2023. Copies of the registration statement and the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204 or by email at Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε.; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by email at Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε.; and Piper Sandler & Co., Attention: Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by telephone at 1-800-747-3924 or by email at Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε..
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
