F&G Annuities & Life Announces Redemption of Fidelity & Guaranty Life Holdings 5.50% Senior Notes Due May 1, 2025
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F&G Annuities & Life, Inc. announced the redemption of $300 million of 5.50% Senior Notes due May 1, 2025, by its subsidiary Fidelity & Guaranty Life Holdings, Inc. The redemption will occur on February 1, 2025, at 100% of the principal amount plus accrued interest.
January 16, 2025 | 9:30 pm
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F&G Annuities & Life is redeeming $300 million of its subsidiary's 5.50% Senior Notes, which may impact its liquidity and financial strategy.
The redemption of the notes indicates a strategic financial decision by F&G Annuities & Life, which could affect its liquidity and financial planning. However, since the redemption is at 100% of the principal, it is a neutral event in terms of immediate financial impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80