Summary
American International Group, Inc. (AIG) has announced its intention to redeem all outstanding Series A-3 Junior Subordinated Debentures on September 16, 2024. The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the redemption date. This action affects €41,550,000 in aggregate principal amount of these debentures that were outstanding as of September 3, 2024.
Key Highlights
- 1AIG is redeeming its Series A-3 Junior Subordinated Debentures.
- 2The redemption date is set for September 16, 2024.
- 3The redemption price will be par (100% of principal) plus accrued interest.
- 4Approximately €41.55 million principal amount of these debentures are currently outstanding.
- 5This event does not constitute the official notice of redemption; holders should refer to the notice from the trustee.
- 6The announcement was made via a press release filed as an exhibit.
Frequently Asked Questions
AIG is redeeming all of these outstanding debentures. This means they will be paying off the principal amount along with any interest that has accrued but not yet been paid.
The redemption is scheduled for September 16, 2024.
Holders will receive 100% of the principal amount of their debentures, plus any accrued and unpaid interest up to, but not including, September 16, 2024.
No, this 8-K filing is an announcement of the redemption. Holders should refer to the separate notice of redemption that will be delivered by The Bank of New York Mellon, the trustee for the debentures.