F&G Annuities & Life Prices Common Stock Offering
F&G Annuities & Life Prices Common Stock Offering |
| [20-March-2025] |
DES MOINES, Iowa, March 20, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of 8,000,000 shares of its common stock at a price to the public of $35.00 per share. In connection with the offering, F&G has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of F&G's common stock. Fidelity National Financial, Inc., F&G's majority-stockholder, has agreed to purchase 4,500,000 shares in the offering from the underwriters at the price per share paid by the underwriters of $33.60 per share. The offering is expected to close on March 24, 2025, subject to satisfaction of customary closing conditions. F&G intends to use the net proceeds of this offering for general corporate purposes, including the support of organic growth opportunities. BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. The public offering is being made pursuant to a registration statement (including a prospectus, as supplemented) that F&G has filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the registration statement may be accessed through the SEC's website at www.sec.gov. A copy of the prospectus (as supplemented), when available, may be obtained by contacting BofA Securities, Inc. toll-free at 1-800-294-1322 or J.P. Morgan Securities LLC collect at 1-212-834-4533. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of these securities may be made only by means of a prospectus (as supplemented) relating to this offering. About F&G F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. Forward-Looking Statements This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not related to present facts or current conditions or that are not historical facts, as well as statements that address activities, events, or developments that F&G anticipates will or may occur in the future, including, but not limited to, such things as the anticipated timing and closing of the offering, the use of net proceeds from the offering and other such matters. You can identify forward-looking statements by words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "predict," "project," "seek," "outlook," "future," "will," "would," "should," "could," "may," "can have," "likely" and similar terms. Forward-looking statements include statements based on management's current expectations and assumptions about future events. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which are beyond F&G's control, that could cause actual results to differ materially from those in or implied by the forward-looking statements. Factors that may cause such differences include the risks and uncertainties described in F&G's Annual Report on Form 10-K for the year ended December 31, 2024 and the other reports and filings F&G makes with the SEC. These forward-looking statements speak only as of the date of this press release. F&G disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, changes in assumptions or otherwise. Contact:
SOURCE F&G Annuities & Life, Inc. | ||
Company Codes: NYSE:FG |
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