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 |
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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 |
of Incorporation) |
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File Number) |
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Identification No.) |
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 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. |
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Description |
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99.1 |
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Press Release dated July 11, 2013, announcing proposed $400 million offering 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: July 11, 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
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 Companys 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 Companys 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 Companys 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 Companys 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 Companys 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 Companys 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 SECs
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 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.