Summary
American International Group, Inc. (AIG) announced on September 26, 2014, its intention to redeem all outstanding 8.250% Notes Due 2018. The redemption is scheduled for October 27, 2014, and will involve a payment of the principal amount plus accrued interest to registered holders. This action signals a proactive approach to managing its debt obligations and utilizes cash allocated from its Direct Investment book (DIB) for repayment.
Key Highlights
- 1AIG to redeem all outstanding 8.250% Notes Due 2018.
- 2Redemption date set for October 27, 2014.
- 3Total principal amount of notes outstanding as of September 26, 2014, was $1,982,806,000.
- 4Redemption payment will include principal and accrued interest.
- 5Funds for redemption will come from AIG's Direct Investment book (DIB).
- 6This filing does not constitute the official notice of redemption for noteholders.
Frequently Asked Questions
AIG is redeeming all of these notes prior to their maturity date in 2018. This means AIG will pay back the principal amount plus any accrued interest to the noteholders on the specified redemption date.
The redemption is scheduled to occur on October 27, 2014.
As of September 26, 2014, there was an aggregate principal amount of $1,982,806,000 of these notes outstanding that AIG intends to redeem.
The funds for this redemption will be sourced from cash allocated to AIG's Direct Investment book (DIB).