8-KExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Exhibit Filing (Sep 18, 2013)

Filed September 18, 2013For Securities:AIG

Summary

This Form 8-K filing by American International Group, Inc. (AIG) on September 18, 2013, primarily reports on the issuance of $250 million aggregate principal amount of Medium-Term Notes, Series H, Senior Unsecured Floated Floating Rate Notes due September 18, 2023. These notes were issued under the company's existing shelf registration statement, indicating a routine capital markets transaction to manage its debt structure and liquidity. For investors, this filing signifies AIG's ongoing access to debt markets and its commitment to maintaining a balanced capital structure. The issuance of senior unsecured notes, while subject to floating interest rates, suggests the company is leveraging available financing options. The accompanying legal opinion from Associate General Counsel James J. Killerlane III confirms the validity and legality of these newly issued notes, providing a layer of assurance to investors and stakeholders.

Key Highlights

  • 1AIG issued $250 million in Medium-Term Notes, Series H, Senior Unsecured Floated Floating Rate Notes.
  • 2The notes have a maturity date of September 18, 2023.
  • 3The issuance was conducted under AIG's existing automatic shelf registration statement on Form S-3.
  • 4The filing includes an opinion from Associate General Counsel James J. Killerlane III regarding the validity of the notes.
  • 5This transaction represents a routine debt offering to manage the company's capital structure.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to report the issuance of $250 million in Medium-Term Notes, Series H, by American International Group, Inc. It details the terms of the notes and confirms their legal validity through an accompanying opinion.

The issuance of these notes indicates that AIG has continued access to debt capital markets. It suggests the company is actively managing its debt and capital structure, likely to fund operations, refinance existing debt, or for general corporate purposes. The ability to issue debt is generally a positive sign of financial stability.

The notes are classified as 'Senior Unsecured Floated Floating Rate Notes,' meaning they are unsecured debt obligations of AIG and their interest rate is tied to a floating benchmark.

The legal opinion regarding the validity of the notes was provided by James J. Killerlane III, who serves as Associate General Counsel and Assistant Secretary for AIG.