8-KMaterial AgreementsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Material Agreement (Sep 6, 2013)

Filed September 6, 2013For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K report on September 5, 2013, detailing a material definitive agreement. Specifically, the company announced the issuance of $600 million in 4.00% Senior Notes due 2023. This offering was facilitated through an Underwriting Agreement dated September 3, 2013, with a syndicate of underwriters including Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The issuance of these senior unsecured notes aims to strengthen the company's capital structure and provide financial flexibility. The notes rank senior to subordinated debt and equally with other senior unsecured debt. The interest rate is fixed at 4.00% per annum, payable semi-annually, with the first payment expected on April 15, 2014. The company retains the option to redeem the notes under specified conditions, providing a degree of financial management flexibility.

Key Highlights

  • 1Ameriprise Financial issued $600 million of 4.00% Senior Notes due 2023.
  • 2The notes are senior unsecured obligations of the company.
  • 3The issuance was made under an Underwriting Agreement dated September 3, 2013.
  • 4Key underwriters included Credit Suisse, Goldman Sachs, J.P. Morgan, and Wells Fargo Securities.
  • 5Interest on the notes accrues at 4.00% annually, payable semi-annually.
  • 6The company has the option to redeem the notes under specified terms and conditions.
  • 7The notes were delivered in book-entry form on September 6, 2013.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the entry into a material definitive agreement, specifically the issuance of $600 million in 4.00% Senior Notes due 2023 by Ameriprise Financial, Inc.

The notes bear a fixed interest rate of 4.00% per annum, payable semi-annually, and mature in 2023. They are senior unsecured obligations of Ameriprise Financial, ranking equally with other senior unsecured debt. The company has the right to redeem the notes at its option under certain conditions.

The underwriters for this offering, acting as representatives of the several underwriters, were Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC.

The 'Computation of Ratio of Earnings' exhibit, filed as Exhibit 12.1, is typically provided in debt offerings to demonstrate the company's ability to cover its interest obligations. It shows the company's earnings relative to its fixed charges, indicating its financial capacity to service the debt.