Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on June 8, 2009, to report the successful issuance of $300 million in 7.30% Senior Notes due 2019. This transaction, completed on June 8, 2009, was executed under an Underwriting Agreement with J.P. Morgan Securities Inc. and UBS Securities LLC acting as representatives for the underwriters. The notes are senior unsecured obligations, ranking equally with other senior unsecured debt and senior to subordinated debt, with interest payable semi-annually.
Key Highlights
- 1Ameriprise Financial successfully issued $300 million of 7.30% Senior Notes due 2019.
- 2The issuance was conducted on June 8, 2009, under an Underwriting Agreement with J.P. Morgan Securities Inc. and UBS Securities LLC.
- 3The Senior Notes are unsecured and rank equally with other senior unsecured indebtedness of the company.
- 4Interest on the notes is set at 7.30% per annum and will be paid semi-annually.
- 5The company has the option to redeem the notes, in whole or in part, with specific redemption price conditions.
- 6The filing also includes customary representations, warranties, covenants, and indemnification provisions related to the underwriting agreement.