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American Financial Group, 6 3/8% Senior Notes due 6/12/2042
Ticker Symbol: AFW* CUSIP: 025932401 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/26/2017
Security has been Called for: Monday, June 26, 2017
May 26, 2017-- American Financial Group, Inc. (NYSE: AFG) announced today that it has given notice of its intention to redeem all of the outstanding 6.375% Senior Notes due June 2042. The Senior Notes, which have an outstanding principal balance of $230 million, will be redeemed on June 26, 2017, at 100% of principal plus accrued and unpaid interest to the redemption date. The Senior Notes are listed on the New York Stock Exchange under the trading symbol “AFW.”
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American Financial Group, 6 3/8% Senior Notes due 2042, issued in $25 denominations, redeemable at the issuer's option on or after 6/12/2017 at $25 per share plus accrued and unpaid interest, and maturing 6/12/2042. Interest distributions of 6.375% per annum ($1.59675 per annum or $0.3984375 per quarter) will be paid quarterly on 3/12, 6/12, 9/12 & 12/12 to holders of record on the record date which will be 2/27, 5/27, 8/27 & 11/27 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). 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. 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.
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Go to Parent Company's Record (AFG)
IPO - 6/8/2012 - 8.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $200.0 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: One East Fourth Street, Cincinnati, OH 45202 |
| Main Phone Number |
513-579-2121 |
| Fax Number |
513-412-0200 |
| Investor Relations
Diane P. Weidner
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513-369-5713
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| Toll Free Phone Number |
800-368-3417 |
| CEO - Carl H. Lindner |
CEO - Carl H. Lindner III |
CFO - Keith A. Jensen |
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