F&G Annuities & Life Inc. 7.950% Senior Notes due 12/15/2053 (FGN)
NYSE · · CUSIP 30190A203
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Security Details

Coupon Rate
7.95%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/15/2028
Maturity Date
12/15/2053
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.9875
Distribution Dates
3/15, 6/15, 9/15 & 12/15
Credit Ratings
Moody's NR · S&P BBB- (11/30/2023)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
30190A203
IPO
11/30/2023 · $25/share
Parent Company
F&G Annuities & Life, Inc (FG)
Business: F&G Annuities & Life, Inc. 7.950% Senior Notes due 2053, redeemable at the issuer's option on or after 12/15/2028 at $25 per note plus accrued and unpaid interest, and maturing 12/15/2053. <p> Interest distributions of 7.950% per annum ($1.9875 per annum or $0.496875 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be (__) (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> This security is possibly subject to an early call as a result of the occurrence of a tax event or rating agency event. <p> Upon the occurrence of a change of control the holder will have the right to require the Issuer to redeem within 90 days to redeem the Notes at $25.25 (101%) per note plus accrued and unpaid interest (see prosectus for more details).<p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s and rated BBB- by S&P at the date of its IPO. This security was rated as BBB- by Fitch Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 7.950% Senior Notes were issued on 11/30/2023 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
Chris Blunt
CFO
Wendy JB Young
Headquarters
801 Grand Avenue, Suite 2600, Des Moines, IA 50309
Phone
515-330-3340
Investor Relations
Lisa Foxworthy-Parker · 515-330-3340 · Investor.relations@fglife.com
SEC EDGAR Filings
View filings »