0001104659-13-054084.txt : 20130711 0001104659-13-054084.hdr.sgml : 20130711 20130711163849 ACCESSION NUMBER: 0001104659-13-054084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130711 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130711 DATE AS OF CHANGE: 20130711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EQUITY INVESTMENT LIFE HOLDING CO CENTRAL INDEX KEY: 0001039828 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 421447959 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31911 FILM NUMBER: 13964242 BUSINESS ADDRESS: STREET 1: 6000 WESTOWN PARKWAY CITY: WEST DEMOINES STATE: IA ZIP: 50266 BUSINESS PHONE: 5152210002 MAIL ADDRESS: STREET 1: 6000 WESTOWN PARKWAY CITY: WEST DES MOINES STATE: IA ZIP: 50266 8-K 1 a13-14483_78k.htm 8-K

 

 

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): July 11, 2013

 

AMERICAN EQUITY
INVESTMENT LIFE HOLDING COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

Iowa

 

001-31911

 

42-1447959

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

6000 Westown Parkway, West Des Moines, Iowa 50266

(Address of Principal Executive Offices)  (Zip Code)

 

(515) 221-0002

(Registrant’s 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 July 11, 2013, American Equity Investment Life Holding Company announced that it intends to offer $400 million aggregate principal amount of notes in a public offering. The relaunched offering represents an increase of $150 million from the previously announced offering size. 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.

 

Description

 

 

 

99.1

 

Press Release dated July 11, 2013, announcing proposed $400 million offering of notes by American Equity Investment Life Holding Company.

 

2



 

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: July 11, 2013

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

 

 

 

 

 

 

 

By:

/s/ John M. Matovina

 

Name:

John M. Matovina

 

Title:

Chief Executive Officer and President

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated July 11, 2013, announcing proposed $400 million offering of notes by American Equity Investment Life Holding Company.

 

4


EX-99.1 2 a13-14483_7ex99d1.htm EX-99.1

Exhibit 99.1

 

NEWS RELEASE

 

 

FOR IMMEDIATE RELEASE

July 11, 2013

For more information, contact:

 

John M. Matovina, Chief Executive Officer

(515) 457-1813, jmatovin@american-equity.com

 

Ted M. Johnson, Chief Financial Officer

(515) 457-1980, tjohnson@american-equity.com

 

Debra J. Richardson, Chief Administrative Officer

(515) 273-3551, drichardson@american-equity.com

 

Julie LaFollette, Director of Investor Relations

(515) 273-3602, jlafollette@american-equity.com

 

American Equity Announces Relaunch of Proposed $400 Million Offering of Notes

 

WEST DES MOINES, IA — July 11, 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 it intends to relaunch its public offering of senior unsecured notes due 2021 (the “Notes”) pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).  In addition, the aggregate principal amount of the offering was increased to $400 million from the previously announced $250 million.

 

The Company intends to use the net proceeds of the offering of the Notes: (i) to pay the cash consideration required to purchase the Company’s 5.25% Contingent Convertible Senior Notes due 2029 (the “December 2029 Notes”) tendered in connection with an offer to exchange (the “2029 Exchange Offer”) any and all of the Company’s outstanding December 2029 Notes for cash and newly issued shares of common stock if the Company commences such an offer, (ii) to pay the cash consideration required to purchase the Company’s 3.5% Convertible Senior Notes due 2015 (the “September 2015 Notes”) tendered in connection with an offer to exchange (the “2015 Exchange Offer”) any and all of the Company’s outstanding September 2015 Notes for cash and newly issued shares of common stock if the Company commences such an offer, (iii) to repay all amounts outstanding under the Company’s existing revolving credit facility, (iv) to pay related fees and expenses and (v) for general corporate purposes.  The Company is under no obligation to commence the 2029 Exchange Offer or the 2015 Exchange Offer, and the offering of the Notes is not conditioned upon the commencement or completion of the 2029 Exchange Offer or the 2015 Exchange Offer.  The Company’s decision to commence the 2029 Exchange Offer or the 2015 Exchange Offer will depend on market conditions and other factors.  In the alternative or in addition, the Company may use the net proceeds of the offering of the Notes to tender for, redeem or repurchase the December 2029 Notes or the September 2015 Notes at a later date.

 

J.P. Morgan Securities LLC will act as sole book-running manager of the offering, and SunTrust Robinson Humphrey, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., FBR Capital Markets & Co. and Raymond James & Associates, Inc. will act as co-managers of the offering.  The offering is being made pursuant to an effective shelf registration statement, previously filed by the Company with the Securities and Exchange Commission, and is being made solely by means of a prospectus supplement and accompanying prospectus.  A copy of the prospectus supplement and related base prospectus may be obtained on the SEC’s

 



 

website at www.sec.gov.  Alternatively, the underwriters will provide copies upon request to: J.P. Morgan Securities LLC at 1-800-245-8812 or by mail to Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11787, Attention: Post-Sale Fulfillment.

 

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.

 

In addition, this press release does not constitute an offer to buy the December 2029 Notes or the September 2015 Notes. Any tender offer or offer to exchange will be made only pursuant to an offer to purchase statement or an exchange offer statement, letter of transmittal and related materials that American Equity would distribute to applicable noteholders. Noteholders and investors should read carefully any offer to purchase statement or exchange offer statement, letter of transmittal and related materials because they will contain important information, including the various terms of, and conditions to, the tender or exchange offer, if any.

 

The Company may file a registration statement (including a prospectus) with the SEC for any exchange offer for the December 2029 Notes or the September 2015 Notes to which this communication relates.  Before you invest through any such exchange offer, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and any such exchange offer.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the Company will arrange to send you any prospectus after filing if you request it by calling 1-800-245-8812.

 

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 Company’s expectations, plans, strategies and goals and the Company’s beliefs concerning future business conditions, the Company’s results of operations, financial position, and the Company’s business outlook or they state other “forward-looking” information based on currently available information. The “Risk Factors” section of the Company’s 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 Company’s actual results to differ materially from the expectations expressed in the Company’s 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 Company’s results of operations. Investors are cautioned not to place undue reliance on any forward-looking statements made by the Company or on the Company’s 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.

 


GRAPHIC 3 g144837mmi001.jpg GRAPHIC begin 644 g144837mmi001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#LK*RC\36# M^(/$ETQTYPTEM9B4QPQP]0TF"-S8ZYX%*/A?#.T/X&601RN^&W5L=QD<5X_6[;NTF=F$PM.K#GF>E_\);\-/^A3E_[\ MI_\`%T?\);\-/^A2E_[\I_\`%5YI12O+N=?U&AV/2_\`A+?AI_T*4O\`WY3_ M`.*H_P"$M^&O_0I2_P#?E/\`XJO-*V-.\(>(M6M1=6.D7$T#?=D``#?3.,T< MS[B>#P\=6CL_^$M^&O\`T*4O_?E/_BJ/^$M^&G_0I2_]^4_^*KD9?`WBJ'[^ M@WI_W(]W\JK'POX@#;3H>H@^GV5_\*.9]R5A,,SM_P#A+?AI_P!"G+_WY3_X MNC_A+OAI_P!"G+_WY3_XNN,_X0_Q+Y32?V#?A5&23`PK'HYGW*6"P[V1Z9_P MEOPT_P"A4F_[\I_\71_PEOPT_P"A4F_[\I_\77F=%%Y=Q_4:'8]?T/5?AGKE M^EDFBK9SR';'Y\>T,>P#!C@_E6G<^+(O`>K7&CZBTT]D42:Q9W+.JG(9"QY( M##C/.#CM7AH8HP920P.01V-=_P#%Z1I=4T>1SEGTY6)]26-737/+EEL>=CJ$ M:"4H&_XB_P"2&6'_`%SM_P"8KR&O7?$7_)#;#_KG;_S%>15#^)GH8#^"%%%; M/A7PS>>*M92PMOD0?-/,1D1)Z_7T%([9245=E_P%X/E\5ZR!*K+I]L0US)TS MZ(/<_H*^A8HHX(4AA14CC4*BJ,!0.@%4M#T2Q\/:7%IVGQ[(H^I/+.W=B>Y- M:%9MW/$KUG5EY!7)ZUXY;3DNY+#0[W4(;'(N)P/*C0CJ`6Y;'?`Q764C*'4J MP!4C!!'!I&,6D]5<\H_X7BN?^1?/_@5_]C3-&^&$?B2.[U;58KO2&NKEI(+9 M"IVQMR,Y&>I/ITJ]JWA'PI8Z^;_5]2T_3@DZR0V<("@Q@Y^8=26/X`<"ND?X ME^#TZZU&?]V*0_\`LM5Z':YOJ;"&'Z$5Y;JV ME7>B:I/IU]'LG@;##L?0CV(YKW6R^*'A:[NYK=K_`.SB-@(Y95*I*".H...< MCG%><_%^:UN/%L$ELZ2!K*,LZ$$-DL0<_3%--FV'J5>?EJ'!UW_Q;_Y"&B_] M@U/YFN`KO_BW_P`A#1?^P:G\S710_B(Y\U^")O\`B+_DAMA_USM_YBO(J]=\ M1_\`)#=/_P"N=O\`SKR*LG\3.G`?P0KV'X(VY72M4N2O^LG1`V.NU<_^S5X] M7T3\.]';1?!=E#(NV:<&XD'H6Y`_`8'X5,MBL9*U.WBBBLSQPJ&\MQ=V4 M]L9'C$T;)O0X9`],FUO49A?W?W/Q9UB61GBTO2H<]#Y!9A^)-=U\3]$NM=CTRS@&0SR!/>7;E0?3Y0 M_P".*\,=&C=D<%64X(/8U:5SU<-"$X\TM6:6N^(=2\1W27&I2H[1KM14C"*H M^@K,))ZDG''-%%4=R22LA*[_`.+G_(1T;_L&I_,UP%=_\7/^0CHW_8.3^9K: MA_$1Y.:_!$WO$?\`R0W3_P#(_%-K9%28 M%;S;@^D:]?SX'XU](`!1@8`%<5\,/"C>'M`^U7<12_OL/(K#!C3^%?;U/U]J MW-?GO99;32=/69'O'_?W**<00KRQW=F/W1]<]JAN[.?$U/:U++9&K;W$-U`D M\$@DBD&5=>C#U%2TBJ%4*H``&`!T%9FB37=P^I/="15%\Z0!UQ^[4*!CV)!/ MXU)RVO=FI15>RN3>6B3M"\);(*.,$8)']*L4"V(;J7[/:RS^69#$A<*.IP.@ MKY]^(>E+IOBJ:>`?Z)J"B[@8#@A^3^N?TKZ$\Y/M'D?-OV;_`+IQC..O3\*\ MW\5>%KC5=`U#3%@D:XT64SZ>X0GS8'&?+![D8(Q_LKZU2=CKPL^26IXW15_^ MP-:_Z`]__P"`S_X4O_"/ZT?^8/?_`/@,_P#A5GK\T>YG5W_Q<_Y"6C?]@Y/Y MFL30O`>OZWJ$=N=.N+6$L/-GGC**B]SSU/L*Z'XSQ+#KNF1+G:ED%&?0,:VH M?Q$>1FDXN*29Z/X3O(-.^'>G7EU((X(+)7=CV`%V?QP:O-IS:S\-="TXM?+!)`CR_9(T8L`!A3N88&>?PJ"Z\ M#>&IK22"#PWK-O,5P)@RLR'UP9,4E[--\QY_)4:3B6/'GC+Q!H?B6*RT<0R0 MBS%PZ-%N)`+;CG/3`I?$GQ)D.D:("1<,`6^?T;'OBH-)\+:;I+ZM);:3K#&_A>%"8 MHC]F1@<@?/SVZ^E"=))>0>SJZF;>_$/Q##H>@72WEI#)J`F\^62#*KMDV@X' M.,>E:'A_QCK.H:F8I/$.E7B)!+(T,%K*CG:A((+*!P<5!/X/$FG:3:1)KD#Z M7YACF6VBW,6;=G_6<8JY8:1JEI=^9/>^([N/8ZO"]O#A@RD<_/VSG\*;E2MH M)4ZM]?Z_$R=*\<>*]3TUKT^(/#UIM)'DW7R2'`ZX]^U6F^(NO/X1TS4Q';Q7 M$^H&VD/E$K(@`.0,\='IO&<.KSVWB.*RELA%NCN[NM9TF3Q!I4MY_K5AAB(8^W[P?6H(/"]RKWUQ+=>(+F]O8/LYN'@B) M5#C=QYG4@8]AFH;@U;3[BE"HG_P4-O/B9K/]I7&IV4$$GAZUNT@*Y/XL7,EY=Z%=38\ MR;3$D?`P,DDFNG\5>%;'Q+J)OTT_5]/G==L_EPQ,)?0D>8.?_K5RWQ50176A MQ!)$$6G*@$H`;Y6(Y`)';UK2ER8'VJ2#G`#*,$<;>*Z'1K^^ MM=.\+V-I;)=AK29+BW8JN'C"#!8@X()/%1VFMW5S>)%JNHII$!^U'S!%%RZ3 M;5CW,I!POH,GK47FMOZW*2IVUN5E^R:GXBBU'4I]*CM2ZK);RWT4GRK"Z9(! MPN7 M%M#YEE#)&LL:Q;W9G!(X[@*<>]4[#7+F6VTZ5-52[OKBZ:.XL?(B/EQ@OEL* MH9<``Y)I>_L5^Z[/\`\6PZ9K^K0&/5M.^Q&***4B]164"7UGE%\@#V[1HADZ_>!3=CW-:>G^(-65H=1NBD]C!9VTE[$+90P M$H;=*,#/RE02/0FHK?Q%=RZ>9K_4OLKK8Q30K'#`AN&;?N;YUPV,#Y1C]::4 MTK:";I-WLS._LVQB&HP1S:RZ&#%/<-(//AR$93Y>0#C.[G`X%=1K%]);^'=+NT86GVJ6!;FX>!0T*,,LQ M!!"G.!SD#-9;ZL@OK>V3Q$K:>\\JR7_V:)=I"*5CWE=AY).0/:DI3:':DGU_ M`YJ'272RLK236],:"Q9)88_MZ9#N!YN3GD`@X_WS3[/2X&L]/A.HZ=8SVA,G MGK=VXQ*L?R-\G+#>!G=DX)K6A\1:JES;W#2)<6%LLTMP1:KFX@6;RQ(,#J%( M;C`.#2-KFN2329+(MS<6K00PV\7F112F3Y06&-Q55/S=#57J>1/[KLQ-%M=) M2]TF^U.?11<1-=271%U&^'=PT>#GG'./2I=:OHYY_$$%K!3#;6(GU"Q^SKN9A(4EP<9#+C?2+(::KKJFE3 M7+7[320B6W!\O>Y'SM][@KPW'Y5@?$[9YNAB,1A!IX`$90K]]NA3Y?RXKNHM M7UB;2++4;.2VN5U"XELT$L*J(V,K"*48&2`HP0>O'O7,?%72[V]UVPM;1)+Z M6UL5$[(@SDLV"0.!G!.*UIM\ZYO,SJ*'+[MSM/&(SC,&G\=/W+?_%444N6/8.9]Q?^%P>)",S_VQ;_XJD_X6]XCQC[/ MIV/3R6_^*HHHY8]@YGW%_P"%O^)/^??3_P#ORW_Q5+_PM_Q'_P`^^G_]^6_^ M*HHHY8]@YGW%_P"%P>(\Y^SZ=_WZ?_XJE'Q?\1_\^VG?]^7_`/BJ**7+'L/F M?<5/BWXCE=(O)L$#,!E86R/IEL5ZGX?L(K>R-X6>:[OMLMQ/)C?(<8`X```' /``'%%%9U4E'0NFVWJ?_9 ` end