Corebridge Financial (CRBG) said late Wednesday that a secondary offering 30 million common shares of the company by American International Group (AIG) priced at $33.65 each, corresponding to gross proceeds of about $1 billion.

AIG granted a 30-day overallotment option to the underwriter to buy up to 4.5 million additional shares.

Corebridge said the offering is expected to close Friday.

Corebridge shares were down 2.2% in recent premarket activity Thursday, while AIG fell 1.3%.