Athene Prices $1,000,000,000 Investment Grade Senior Notes Offering

Rhea-AI Summary

Athene (NYSE: ATH) has priced an offering of $1,000,000,000 aggregate principal amount of 6.150% senior notes due 2036. The investment-grade notes are expected to close on August 7, 2026, subject to customary conditions. Athene plans to use net proceeds for general corporate purposes, including capital contributions to its insurance subsidiaries to support organic growth. The notes are issued under an effective shelf registration statement filed with the SEC, with Wells Fargo Securities, Barclays, BofA Securities and Citigroup as joint book-running managers.

Positive

• $1.0 billion senior notes raise additional long-term funding
• Fixed coupon of 6.150% locked in through 2036
• Proceeds may support organic growth via insurance subsidiaries

Negative

• New $1.0 billion senior notes increase Athene’s debt obligations
• Interest expense locked in at a 6.150% coupon until 2036

Market Context

The senior-notes offering is accompanied by low short positioning, adding limited evidence of concen...

Analysis

The senior-notes offering is accompanied by low short positioning, adding limited evidence of concentrated bearish exposure. The use of proceeds supports insurance subsidiaries, while debt-service obligations remain a relevant risk.

Key Figures

Senior notes principal: $1,000,000,000 Interest rate: 6.150% Maturity year: 2036 +1 more

4 metrics

Senior notes principal $1,000,000,000 Aggregate principal amount of the offering

Interest rate 6.150% Senior notes offering

Maturity year 2036 Senior notes due

Expected closing date August 7, 2026 Subject to customary closing conditions

Key Terms

senior notes, shelf registration statement, joint book-running managers

3 terms

senior notes financial

"aggregate principal amount of 6.150% senior notes due 2036"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

shelf registration statement regulatory

"offered pursuant to an effective shelf registration statement"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

joint book-running managers financial

"are acting as joint book-running managers for the offering"

Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WEST DES MOINES, Iowa, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Athene Holding Ltd. (“Athene”) today announced it has agreed to sell $1,000,000,000 aggregate principal amount of 6.150% senior notes due 2036. The offering is expected to close on August 7, 2026, subject to satisfaction of customary closing conditions.

Athene intends to use the net proceeds from the offering for general corporate purposes, including capital contributions to its insurance subsidiaries to support organic growth.

Wells Fargo Securities, Barclays, BofA Securities and Citigroup are acting as joint book-running managers for the offering. Apollo Global Securities, BNP PARIBAS, Deutsche Bank Securities, Drexel Hamilton, RBC Capital Markets, Siebert Williams Shank and TD Securities are acting as co-managers for the offering.

The notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 the joint book-running managers by contacting Wells Fargo Securities, LLC toll-free at (800) 645-3751, Barclays Capital Inc. toll-free at (888) 603-5847, BofA Securities, Inc. toll-free at (800) 294-1322, or Citigroup Global Markets Inc. toll-free at (800) 831-9146.

About Athene
Athene is the leading retirement solutions company with $448 billion of total assets as of March 31, 2026, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations.

Forward-Looking Statements
This press release contains, and certain oral statements made by Athene’s representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene’s management and the management of Athene’s subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” “should,” or “continues” or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding Athene’s expectations regarding the completion of, and the use of proceeds from, the sale of the notes, future growth prospects and financial performance. Although Athene management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to Athene’s forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2025 or quarterly report on Form 10-Q for the quarter ended March 31, 2026, which can be found at the SEC’s website www.sec.gov. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Media Contact
Jeanne Hess
Vice President, External Relations
+1 646 768 7319
jeanne.hess@athene.com

FAQ

What did Athene (ATH) announce in its August 5, 2026 senior notes offering?

Athene announced an offering of $1,000,000,000 of 6.150% senior notes due 2036. According to Athene, the investment-grade notes are issued under an effective SEC shelf registration to raise long-term corporate funding.

What are the key terms of Athene's 6.150% senior notes due 2036 (ATH)?

Athene’s notes carry a 6.150% coupon and mature in 2036, with total principal of $1.0 billion. According to Athene, the offering is expected to close on August 7, 2026, subject to customary closing conditions.

How will Athene (ATH) use the $1 billion senior notes proceeds?

Athene plans to use net proceeds for general corporate purposes, including capital contributions to its insurance subsidiaries. According to Athene, these contributions are intended to support the company’s ongoing organic growth initiatives.

When is the expected closing date for Athene's 2026 senior notes offering?

The offering is expected to close on August 7, 2026, subject to customary conditions. According to Athene, completion depends on satisfaction of standard closing requirements typical for registered debt offerings.

Who are the joint book-running managers for Athene's $1 billion notes offering?

Wells Fargo Securities, Barclays, BofA Securities and Citigroup are joint book-running managers for the deal. According to Athene, several additional banks act as co-managers to help distribute the 6.150% senior notes due 2036.

Is Athene's $1 billion senior notes offering made under an SEC shelf registration?

Yes, the notes are offered under an effective SEC shelf registration statement. According to Athene, investors can obtain the prospectus and supplement from the SEC’s website or by contacting the joint book-running managers.