AIG Launches $300 Million Cash Tender Offers for Outstanding Notes

Reuters
02 Jun
AIG Launches $300 Million Cash Tender Offers for Outstanding Notes

American International Group, Inc. $(AIG)$ has announced the commencement of ten separate cash tender offers to purchase certain outstanding notes, with a total consideration of up to $300 million, excluding accrued coupon payments. The series of notes to be purchased will be determined based on specified acceptance priority levels, unless such acceptance would violate the maximum purchase condition. AIG has engaged BNP Paribas Securities Corp., BofA Securities, Inc., and U.S. Bancorp Investments, Inc. as Lead Dealer Managers for the offers, with Global Bondholder Services Corporation serving as the Information Agent and Tender Agent. The offers are subject to certain conditions, and AIG retains the right to terminate or alter them. Beneficial owners of the notes are advised to check with their intermediaries for participation details. Further information and documents are available on the Global Bondholder Services Corporation website.

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