UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 21, 2013
AMERICAN EQUITY
INVESTMENT LIFE HOLDING COMPANY
(Exact Name of Registrant as Specified in its Charter)
Iowa |
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001-31911 |
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42-1447959 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
6000 Westown Parkway, West Des Moines, Iowa 50266
(Address of Principal Executive Offices) (Zip Code)
(515) 221-0002
(Registrants telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
x Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
In a press release on June 21, 2013, American Equity Investment Life Holding Company announced the withdrawal of its previously announced proposed offering of $250 million aggregate principal amount of notes due to market conditions. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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99.1 |
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Press Release dated June 21, 2013, announcing the withdrawal of the previously announced proposed offering of $250 million aggregate principal amount of notes by American Equity Investment Life Holding Company. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 21, 2013 |
AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY | |
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By: |
/s/ John M. Matovina |
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Name: |
John M. Matovina |
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Title: |
Chief Executive Officer and President |
Exhibit 99.1
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NEWS RELEASE |
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For more information, contact: | |
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John M. Matovina, Chief Executive Officer | |
(515) 457-1813, jmatovina@american-equity.com | |
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Ted M. Johnson, Chief Financial Officer | |
(515) 457-1980, tjohnson@american-equity.com | |
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FOR IMMEDIATE RELEASE |
Debra J. Richardson, Chief Administrative Officer |
June 21, 2013 |
(515) 273-3551, drichardson@american-equity.com |
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Julie L. LaFollette, Director of Investor Relations |
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(515) 273-3602, jlafollette@american-equity.com |
American Equity Announces Withdrawal of
$250 Million Offering of Notes
WEST DES MOINES, IA June 21, 2013 American Equity Investment Life Holding Company (NYSE: AEL) (American Equity or the Company), a leading underwriter of index and fixed rate annuities, announced today that due to current market conditions it has withdrawn its previously announced proposed offering of $250 million aggregate principal amount of senior unsecured notes due 2021 (the Notes).
The conditions in the debt capital markets led us to the conclusion that we should not proceed with the offering of our senior notes at this time, said D.J. Noble, American Equitys founder and Executive Chairman. The senior note offering and the intended use of proceeds was an opportunity to strengthen our already strong balance sheet. However, we have the flexibility to be opportunistic about the timing of such an offering. We will continue to monitor developments and may return to the market when conditions are more favorable.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes, and shall not constitute an offer, solicitation or sale in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically are identified by the use of terms such as anticipate, believe, plan, estimate, expect, project, intend, may, will, would, contemplate, possible, attempt, seek, should, could, goal, target, on track, comfortable with, optimistic and similar words, although some forward-looking statements are expressed differently. Investors should consider statements that contain these words carefully because they describe the Companys expectations, plans, strategies and goals and the Companys beliefs concerning future business conditions, the Companys results of operations, financial position, and the Companys business outlook or they state other forward-looking
information based on currently available information. The Risk Factors section of the Companys Annual Report on Form 10-K for the year ended December 31, 2012, filed with the SEC on March 7, 2013, provides examples of risks, uncertainties and events that could cause the Companys actual results to differ materially from the expectations expressed in the Companys forward-looking statements. Forward-looking statements speak only as of the date the statement was made and the Company undertakes no obligation to update such forward-looking statements. There can be no assurance that other factors not currently anticipated by the Company will not materially and adversely affect the Companys results of operations. Investors are cautioned not to place undue reliance on any forward-looking statements made by the Company or on the Companys behalf.
ABOUT AMERICAN EQUITY
American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of fixed annuity and life insurance products, with a primary emphasis on the sale of index and fixed rate annuities. American Equity Investment Life Holding Company, a New York Stock Exchange Listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa. For more information, please visit www.american-equity.com.
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