F&g annuities & life announces cash tender offer for up to $250,000,000 aggregate principal amount of fidelity & guaranty life holdings' outstanding 5.50% senior notes due 2025

Des moines, iowa , may 20, 2024 /prnewswire/ -- f&g annuities & life, inc. (nyse: fg) ("f&g" or the "company") today announced the commencement of a cash tender offer (the "tender offer") by its wholly owned subsidiary fidelity & guaranty life holdings, inc. ("fglh"), for up to $250,000,000 aggregate principal amount (as may be increased by fglh in its sole discretion, the "maximum amount") of fglh's 5.50% senior notes due 2025 (the "notes") at purchase prices per $1,000 principal amount of the notes as calculated in accordance with the table below and in accordance with, and subject to the terms and conditions set forth in, an offer to purchase, dated today (the "offer to purchase"), pursuant to which the tender offer is being made.  holders (the "holders") whose notes are purchased pursuant to the tender offer will be paid accrued and unpaid interest on the notes from, and including, the most recent interest payment date for the notes prior to the applicable payment date to, but not including, the applicable payment date ("accrued interest").
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