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American Financial Group, 6.25% Subordinated Debentures due 9/30/2054
Ticker Symbol: AFGE* CUSIP: 025932609 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/23/2019
Security has been Called for: Monday, December 23, 2019
From the 25-NSE filing dated 12/24/2019: The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on January 03, 2020, pursuant to the provisions of Rule 12d2-2 (a). [ X ] 17 CFR 240.12d2-2(a)(1) That the entire class of this security was called for redemption, maturity or retirement on December 23, 2019; appropriate notice thereof was given; funds sufficient for the payment of all such securities were deposited with an agency authorized to make such payment; and such funds were made available to security holders on December 23, 2019. The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading on December 23, 2019. ________________ The Company intends to use a portion of the net proceeds from the offering of American Financial Group, 5.125% Subordinated Debentures due 12/15/2059 (NYSE: AFGC) to redeem all of the $150 million aggregate outstanding principal amount of American Financial Group, 6.25% Subordinated Debentures due 9/30/2054.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American Financial Group, Inc., 6.25% Subordinated Debentures due 2054, issued in $25 denominations, redeemable at the issuer's option on or after 9/30/2019 at $25 per debenture plus accrued and unpaid interest, and maturing 9/30/2054. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The issuer may defer interest payments on one or more occassion for up to five consecutive years. The issuer may redeem the debentures prior to 9/30/2019, within 90 days after the occurrence of a tax event or a rating agency event (see prospectus for further information). 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. 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. This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. The subordinated debentures are unsecured and subordinated obligations of the company and will rank equally with all existing and future unsecured and subordinated 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.
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Go to Parent Company's Record (AFG)
IPO - 9/23/2014 - 6.00 Million Debentures @ $25.00 /deb.
Link to IPO Prospectus
Market Value $147.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 301 East Fourth Street, Cincinnati, OH 45202 |
| Main Phone Number |
513-579-2121 |
| Fax Number |
Not Available |
| Investor Relations
Diane P. Weidner, IRC
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513-369-5713
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| Toll Free Phone Number |
800-545-4269 |
| CEO - S. Craig Lindner |
CEO - Carl H. Lindner III |
CFO - Joseph E. (Jeff) Consolino |
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