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): March 8, 2016
AMERICAN INTERNATIONAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 1-8787 | 13-2592361 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
175 Water Street
New York, New York 10038
(Address of principal executive offices)
Registrants telephone number, including area code: (212) 770-7000
(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 (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 8 Other Events
Item 8.01. | Other Events. |
Early Participation Results of Cash Tender Offer
On March 8, 2016 American International Group, Inc. (the Company) issued a press release announcing the early participation results as of the early participation date of its previously announced cash tender offer for certain debt securities. A copy of the press release is attached as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.
Pricing for Cash Tender Offer
On March 8, 2016, the Company issued a press release announcing the reference yields and total consideration for its previously announced cash tender offer for certain debt securities. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated into this Item 8.01 by reference.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit 99.1 | Press release dated March 8, 2016 | |
Exhibit 99.2 | Press release dated March 8, 2016 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN INTERNATIONAL GROUP, INC. | ||||||
(Registrant) | ||||||
Date: March 8, 2016 | By: | /s/ James J. Killerlane III | ||||
Name: | James J. Killerlane III | |||||
Title: | Associate General Counsel and Assistant Secretary |
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EXHIBIT INDEX
Exhibit No. |
Description | |
Exhibit 99.1 | Press release dated March 8, 2016 | |
Exhibit 99.2 | Press release dated March 8, 2016 |
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1
FOR IMMEDIATE RELEASE
2
FOR IMMEDIATE RELEASE
Title of Security |
Issuer | Security Identifier(s) |
Principal Amount Outstanding (millions) |
Acceptance Priority Levels |
Principal Amount Tendered (millions) |
Principal Amount Tendered (U.S. Dollar equivalent) (millions) |
Percent of Amount Outstanding Tendered |
|||||||||||||||
8 1⁄8% Junior Subordinated Deferrable Interest Debentures, Series B |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAC3 ISIN: US00138GAC33 |
$ | 227.3 | 1 | $ | 13.3 | $ | 13.3 | 5.85 | % | |||||||||||
8.175% Series A-6 Junior Subordinated Debentures |
AIG | CUSIP: 026874BS5 026874BR7 (144A) U02687BW7 (Reg. S) ISIN: US026874BS54 US026874BR71 (144A) USU02687BW75 (Reg. S) |
$ | 607.2 | 2 | $ | 168.4 | $ | 168.4 | 27.74 | % | |||||||||||
6.25% Series A-1 Junior Subordinated Debentures |
AIG | CUSIP: 026874BE6 ISIN: US026874BE68 |
$ | 403.2 | 3 | $ | 290.4 | $ | 290.4 | 72.02 | % | |||||||||||
8 1⁄2% Junior Subordinated Debentures due 2030 |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAA7 ISIN: US00138GAA76 |
$ | 116.4 | 4 | $ | 2.3 | $ | 2.3 | 1.99 | % | |||||||||||
7.57% Junior Subordinated Deferrable Interest Debentures, Series A |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAB5 ISIN: US00138GAB59 |
$ | 78.9 | 5 | $ | 6.1 | $ | 6.1 | 7.67 | % | |||||||||||
8.625% Series A-8 Junior Subordinated Debentures |
AIG | ISIN: XS0365317113 (144A) XS0365314284 (Reg. S) |
£ | 5.6 | 6 | £ | 0.1 | $ | 0.1 | 1.78 | % | |||||||||||
8.000% Series A-7 Junior Subordinated Debentures |
AIG | ISIN: XS0365324838 (144A) XS0365323608 (Reg. S) |
| 12.9 | 7 | | 0.4 | $ | 0.4 | 3.10 | % | |||||||||||
5.60% Debentures Due July 31, 2097 |
SunAmerica Inc.** |
CUSIP: 866930AG5 ISIN: US866930AG50 |
$ | 20.3 | 8 | $ | 0.4 | $ | 0.4 | 1.74 | % | |||||||||||
6 5⁄8% Notes Due 2029 |
AIG Life Holdings, Inc.* |
CUSIP: 026351AZ9 ISIN: US026351AZ90 |
$ | 150.0 | 9 | $ | 2.9 | $ | 2.9 | 1.92 | % | |||||||||||
6.820% Dollar Notes Due November 15, 2037 |
AIG | CUSIP: 026874CW5 026874CE5 (144A) U02687 CJ5 (Reg. S) ISIN:US026874CW 57 US026874CE59 (144A) USU02687CJ55 (Reg. S) |
$ | 243.5 | 10 | $ | 66.4 | $ | 66.4 | 27.25 | % |
3
FOR IMMEDIATE RELEASE
Title of Security |
Issuer | Security Identifier(s) |
Principal Amount Outstanding (millions) |
Acceptance Priority Levels |
Principal Amount Tendered (millions) |
Principal Amount Tendered (U.S. Dollar equivalent) (millions) |
Percent of Amount Outstanding Tendered |
|||||||||||||||
6.25% Notes Due 2036 |
AIG | CUSIP: 026874AZ0 026874AY3 (144A) U02687AF5 (Reg. S) ISIN: US026874AZ07 US026874AY32 (144A) USU02687AF51 (Reg. S) |
$ | 1,000.0 | 11 | $ | 182.4 | $ | 182.4 | 18.24 | % |
* | Guaranteed by AIG. |
** | All obligations of SunAmerica Inc. were assumed by AIG in 1999. |
| Listed on the Official List of the Irish Stock Exchange and traded on its regulated market. |
4
1
FOR IMMEDIATE RELEASE
2
FOR IMMEDIATE RELEASE
Title of Security |
Issuer | Security Identifier(s) | Principal Amount Outstanding (millions) |
Acceptance Priority Level |
Reference Yield |
Reference Security/ Interpolated Rate |
Fixed Spread |
Total Consideration(1)(2) |
||||||||||||||||||
8 1⁄8% Junior Subordinated Deferrable Interest Debentures, Series B |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAC3 ISIN: US00138GAC33 |
$ | 227.3 | 1 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
370 | $ | 1,242.62 | |||||||||||||||
8.175% Series A-6 Junior Subordinated Debentures |
AIG | CUSIP: 026874BS5 026874BR7 (144A) U02687BW7 (Reg. S) ISIN: US026874BS54 US026874BR71 (144A) |
$ | 607.2 | 2 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
350 | $ | 1,248.42 | |||||||||||||||
6.25% Series A-1 Junior Subordinated Debentures |
AIG | CUSIP: 026874BE6 ISIN: US026874BE68 |
$ | 403.2 | 3 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
330 | $ | 1,040.31 | |||||||||||||||
8 1⁄2% Junior Subordinated Debentures due 2030 |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAA7 ISIN: US00138GAA76 |
$ | 116.4 | 4 | 1.820 | % | 1.625% U.S. Treasury due 02/15/2026 |
350 | $ | 1,315.07 | |||||||||||||||
7.57% Junior Subordinated Deferrable Interest Debentures, Series A |
AIG Life Holdings, Inc.* |
CUSIP: 00138GAB5 ISIN: US00138GAB59 |
$ | 78.9 | 5 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
370 | $ | 1,167.67 | |||||||||||||||
8.625% Series A-8 Junior Subordinated Debentures |
AIG | ISIN: XS0365317113 (144A) XS0365314284 (Reg. S) |
£ | 5.6 | 6 | 0.252 | % | 5.00% UK Treasury due 03/07/2018 |
220 | £ | 1,129.32 | |||||||||||||||
8.000% Series A-7 Junior Subordinated Debentures |
AIG | ISIN: XS0365324838 (144A) XS0365323608 (Reg. S) |
| 12.9 | 7 | -0.196 | % | May 2018 Interpolated Swap Rate |
155 | | 1,140.72 | |||||||||||||||
5.60% Debentures Due July 31, 2097 |
SunAmerica Inc.** |
CUSIP: 866930AG5 ISIN: US866930AG50 |
$ | 20.3 | 8 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
360 | $ | 902.07 |
3
FOR IMMEDIATE RELEASE
Title of Security |
Issuer | Security Identifier(s) | Principal Amount Outstanding (millions) |
Acceptance Priority Level |
Reference Yield |
Reference Security/ Interpolated Rate |
Fixed Spread |
Total Consideration(1)(2) |
||||||||||||||||||
6 5⁄8% Notes Due 2029 |
AIG Life Holdings, Inc.* |
CUSIP: 026351AZ9 ISIN: US026351AZ90 |
$ | 150.0 | 9 | 1.820 | % | 1.625% U.S. Treasury due 02/15/2026 |
320 | $ | 1,150.95 | |||||||||||||||
6.820% Dollar Notes Due November 15, 2037 |
AIG | CUSIP: 026874CW5 026874CE5 (144A) U02687 CJ5 (Reg. S) ISIN: US026874CW 57 US026874CE59 (144A) USU02687CJ55 (Reg. S) |
$ | 243.5 | 10 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
285 | $ | 1,171.09 | |||||||||||||||
6.25% Notes Due 2036 |
AIG | CUSIP: 026874AZ0 026874AY3 (144A) U02687AF5 (Reg. S) ISIN: US026874AZ07 US026874AY32 (144A) USU02687AF51 (Reg. S) |
$ | 1,000.0 | 11 | 2.612 | % | 3.000% U.S. Treasury due 11/15/2045 |
285 | $ | 1,095.37 |
* | Guaranteed by AIG. |
** | All obligations of SunAmerica Inc. were assumed by AIG in 1999. |
| Listed on the Official List of the Irish Stock Exchange and traded on its regulated market. |
(1) | The Total Consideration payable for each $1,000, £1,000 or 1,000 principal amount of notes or debentures validly tendered on or prior to 5:00 p.m., New York City time, on the early participation date and accepted for purchase by AIG includes the early participation amount. In addition, holders whose notes or debentures are accepted will also receive accrued interest on such note or debenture. |
(2) | Assuming payment is made on March 23, 2016. Per $1,000, £1,000 or 1,000 principal amount of notes or debentures. |
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