Athene Holding Ltd. Announces the Pricing of an Offering of 12,000,000 Depositary Shares Representing an Interest in Series B Preference Shares
Athene Holding Ltd. (“Athene”) today announced the pricing of its public offering of 12,000,000 depositary shares, each representing a 1/1,000th interest in its 5.625% Fixed Rate Perpetual Non-Cumulative Preference Shares, Series B, $1.00 par value and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share), for an aggregate public offering price of $300,000,000. The offering is expected to close on September 19, 2019, subject to satisfaction of customary closing conditions. Athene intends to list the depositary shares on the New York Stock Exchange (“NYSE”) under the ticker symbol “ATHPrB.” Athene has granted the underwriters the option to purchase up to 1,800,000 additional depositary shares solely to cover over-allotments, if any, prior to the closing of the offering.
Athene intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, supporting growth from both organic and inorganic channels and its commitment to Athene Co-Invest Reinsurance Affiliate. Wells Fargo Securities, LLC, BofA Securities, Inc., UBS Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
The depositary shares are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”). 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 Wells Fargo Securities, LLC by telephone at 1-800-645-3751, BofA Securities, Inc. by email at email@example.com, UBS Securities LLC by telephone at 1-888-827-7275 or RBC Capital Markets, LLC by telephone at 1-877-822-4089.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Athene Holding Ltd.
Athene, through its subsidiaries, is a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The products offered by Athene include: