AIG Announces Closing of $1.5 Billion Senior Notes Offering and Satisfaction of Maximum Cash Tender Offer Financing Condition

By a News Reporter-Staff News Editor at Insurance Business Weekly -- American International Group, Inc. (NYSE:AIG) announced the closing of the sale of $1,500,000,000 aggregate principal amount of AIG's 3.300% Notes due 2021. AIG has determined that the closing of this notes offering satisfies the financing condition of its previously announced maximum cash tender offer for certain notes and debentures issued or guaranteed by AIG described in the offer to purchase, dated February 23, 2016. The tender offer remains subject to certain other conditions, including the absence of any adverse legal and market developments. The early participation date for the tender offer is 5:00 p.m., New York City time, on March 7, 2016 and the expiration date of the tender offer is 11:59 p.m., New York City time, on March 21, 2016, unless extended. The payment date for the tender offer will be promptly following its expiration and is expected to be on or about March 23, 2016.

This press release is qualified in its entirety by the offer to purchase and related letter of transmittal.

Global Bondholder Services Corporation is the Information Agent and Depositary for the tender offer. Requests for documents related to the tender offer and questions regarding the tendering of securities may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only), (866) 924-2200 (for all others toll-free) or +001 (212) 430-3774 (international), by email at [email protected].

This news release does not constitute an offer or an invitation by AIG to participate in the tender offer in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction.

Keywords for this news article include: Financial Companies, Property and Casualty Insurance Companies.

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