F&G Annuities & Life Prices Senior Unsecured Notes Offering

DES MOINES, Iowa, Oct. 1, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of $500 million aggregate principal amount of its 6.250% senior notes due 2034 (the "notes").  The offering is expected to close on October 4, 2024, subject to satisfaction of customary closing conditions.

The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit agreement.

F&G intends to use the net proceeds of this offering to repay borrowings under its revolving credit facility and for general corporate purposes, including the support of organic growth opportunities.

Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering of the notes.

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 from Wells Fargo Securities, LLC toll-free at 1-800-645-3751 or by emailing [e-mail], BofA Securities, Inc. toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533 and RBC Capital Markets, LLC toll-free at 1-866-375-6829.

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.

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 of the notes, the use of net proceeds from the offering of the notes 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, 2023, as amended, F&G's Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024 and June 30, 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:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
515.330.3307
[e-mail]

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SOURCE F&G Annuities & Life, Inc.

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