Athene Prices $400 Million Investment Grade Notes Offering
November 16 2022 - 6:38PM
Athene Holding Ltd. (“Athene”) (NYSE: ATH) today announced it has
agreed to sell $400 million of 6.650% senior unsecured notes due
2033. The offering is expected to close on November 21, 2022,
subject to satisfaction of customary closing conditions.
Athene intends to use the net proceeds from the
offering for general corporate purposes.
Morgan Stanley, BofA Securities, Goldman Sachs
& Co. LLC and Wells Fargo Securities are acting as joint
book-running managers for the offering.
The Notes are being offered pursuant to an
effective shelf registration statement that has previously been
filed with the Securities and Exchange Commission (the “SEC”). This
press release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Any offer, or solicitation to buy, if at all, will be
made solely by means of a prospectus and related prospectus
supplement filed with the SEC. You may obtain these documents
without charge from the SEC at www.sec.gov. Alternatively, you may
request copies of these materials from the joint book-running
managers by contacting Morgan Stanley & Co. LLC by telephone at
1-866-718-1649, BofA Securities, Inc. by telephone at
1-800-294-1322, Goldman Sachs & Co. LLC by telephone at
1-866-471-2526, or Wells Fargo Securities, LLC by telephone at
1-800-645-3751.
About Athene Holding Ltd.
Athene, through its subsidiaries, is a leading financial
services company specializing in retirement services with total
assets of $236.7 billion as of September 30, 2022 and operations in
the United States, Bermuda, and Canada. Athene specializes in
helping its customers achieve financial security and is a solutions
provider to institutions. Founded in 2009, Athene is Driven to Do
More for our policyholders, business partners, shareholders, and
the communities in which we work and live. For more information,
please visit athene.com.
Forward-Looking Statements
This press release contains, and certain oral
statements made by Athene's representatives from time to time may
contain, forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements are
subject to risks and uncertainties that could cause actual results,
events and developments to differ materially from those set forth
in, or implied by, such statements. These statements are based on
the beliefs and assumptions of Athene's management and the
management of Athene's subsidiaries. Generally, forward-looking
statements include actions, events, results, strategies and
expectations and are often identifiable by use of the words
“believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,”
“estimates,” “projects,” “may,” “will,” “could,” “might,” "should,"
or “continues” or similar expressions. Forward-looking statements
within this press release include, but are not limited to,
statements regarding future growth prospects and financial
performance. Factors that could cause actual results, events and
developments to differ include, without limitation: the accuracy of
Athene's assumptions and estimates; Athene's ability to maintain or
improve financial strength ratings; Athene's ability to manage its
business in a highly regulated industry; regulatory changes or
actions; the impact of Athene's reinsurers failing to meet their
assumed obligations; the impact of interest rate fluctuations;
changes in the federal income tax laws and regulations; the
accuracy of Athene's interpretation of the Tax Cuts and Jobs Act;
litigation (including class action litigation), enforcement
investigations or regulatory scrutiny; the performance of third
parties; the loss of key personnel; telecommunication, information
technology and other operational systems failures; the continued
availability of capital; new accounting rules or changes to
existing accounting rules; general economic conditions; Athene's
ability to protect its intellectual property; the ability to
maintain or obtain approval of the Delaware Department of
Insurance, the Iowa Insurance Division and other regulatory
authorities as required for Athene's operations; the failure to
realize the expected benefits from the merger with Apollo Global
Management; and other factors discussed from time to time in
Athene's filings with the SEC, including its annual report on Form
10-K for the year ended December 31, 2021, its quarterly report on
Form 10-Q for the quarter ended March 31, 2022, its quarterly
report on Form 10-Q for the quarter ended June 30, 2022, its
quarterly report for the quarter ended September 30, 2022, and its
other SEC filings, which can be found at the SEC’s website
www.sec.gov. All forward-looking statements described herein are
qualified by these cautionary statements and there can be no
assurance that the actual results, events or developments
referenced herein will occur or be realized. Athene does not
undertake any obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
Contacts:
Media ContactKelly Woerdehoff+1 515 342
5144kwoerdehoff@athene.com
InvestorsAlex Pelzar +1 917 472 4186
apelzar@apollo.com
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