American Eqty Invt Life Hld Co SEC Filings

American National Group Inc. has launched a debt offering of $700 million aggregate principal amount of 6.000% senior notes due 15 July 2035 (the “Notes”). The notes are being issued at 99.705% of face value, generating gross proceeds of roughly $697.9 million; net proceeds to the issuer, after a 0.650% underwriting discount, are expected to be $693.4 million before expenses.

Use of proceeds: management intends to apply the funds to repay a portion of the outstanding balance under its Term Loan Credit Facility, effectively refinancing floating-rate/short-term debt with long-term, fixed-rate funding.

Key structural terms:

• Unsecured, unsubordinated obligations ranking pari passu with all existing and future unsubordinated debt of the issuer.
• No subsidiary guarantees; therefore the notes are effectively subordinated to all liabilities of subsidiaries and to any future secured borrowings of the parent to the extent of collateral value.
• Optional redemption: callable, in whole or in part, at a make-whole premium (details in “Description of Notes — Optional Redemption”).
• Semi-annual cash interest payments on 15 January and 15 July, commencing 15 January 2026.
• No exchange listing is contemplated, implying limited secondary-market liquidity.
• Settlement is expected on 27 June 2025 (T+3) through DTC, Euroclear and Clearstream.

Pricing implications: the issuance locks in a fixed 6.0% coupon for 10-year money, replacing floating or shorter-dated debt, and modestly extends the company’s maturity profile. However, unsecured status, lack of guarantees and the absence of an exchange listing elevate relative risk and may widen trading spreads.

American National Group Inc. (the “Company”) filed an 8-K to disclose that on 24 June 2025 it executed an Underwriting Agreement with Wells Fargo Securities, BNP Paribas Securities and RBC Capital Markets covering a public offering of $700 million aggregate principal of 6.000% Senior Notes due 2035. The notes will be issued off the Company’s effective Form S-3 shelf (No. 333-281155) and sold to a syndicate of underwriters led by the three banks.

Use of proceeds: management states that net proceeds will be used to repay a portion of the outstanding term-loan credit facility. No other deployment of funds is cited.

Key documents: the full Underwriting Agreement is attached as Exhibit 1.1; the cover-page Inline XBRL data is filed as Exhibit 104.

Significance for investors: the transaction replaces nearer-term variable-rate debt with a fixed 6.0 % coupon and extends maturity to 2035, potentially reducing refinancing risk and locking in funding costs. The offering size represents a sizeable capital markets transaction and demonstrates continued market access, although the final impact on leverage and interest expense depends on the outstanding balance and terms of the term loan being repaid, which are not disclosed in the filing.

American National Group Inc. priced a SEC-registered offering of $700 million 6.000% senior notes due 15 July 2035. The notes were sold at 99.705% of face value, resulting in gross proceeds of $697.9 million and a 6.039% yield to maturity, or +175 bp over the 4.25% U.S. Treasury due May 2035. Expected ratings are BBB/Stable from both S&P and Fitch, giving the issue investment-grade status. Interest is paid semi-annually each 15 January and 15 July, beginning 15 January 2026. Settlement is T+3 on 27 June 2025. Investors benefit from a make-whole call (UST+30 bp) until 15 April 2035, after which the notes are callable at par. Wells Fargo, BNP Paribas, RBC and Brookfield lead an extensive underwriting syndicate.

American National Group Inc. (the “Issuer”) has filed a preliminary prospectus supplement to issue an as-yet-unspecified amount of unsecured, unsubordinated senior notes under its shelf registration statement (Rule 424(b)(5), Reg. No. 333-281155). Key preliminary terms include:

• Fixed coupon (rate to be determined) with semi-annual cash interest payments.
• Maturity in 20-- (final date forthcoming).
• Optional redemption at the Issuer’s discretion prior to maturity at the make-whole or par call price plus accrued interest.
• Equal ranking with existing unsecured debt; senior to subordinated debt; effectively subordinated to any secured borrowings and to all liabilities of non-guarantor subsidiaries.

Use of proceeds: repay a portion of outstanding indebtedness under the Term Loan Credit Facility, reducing near-term refinancing pressure and potentially lowering interest expense.

Liquidity & trading: The Issuer will not seek an exchange listing; investors must rely on the over-the-counter market, which may limit liquidity. Initial settlement is expected on or about the T+-- business day via DTC, Euroclear and Clearstream.

Investors should review the Risk Factors beginning on page S-8, which highlight structural subordination, absence of a trading market, and other credit-market considerations. The prospectus supplement supersedes conflicting information in the base prospectus.

American National Group Inc. filed a Form 8-K to inform investors that, beginning June 23 2025, the Company will conduct one or more investor meetings. To support these discussions it released an accompanying Supplemental Disclosure (Exhibit 99.1), which updates or augments previously issued information and is incorporated by reference under Item 8.01.

The filing is strictly informational: it contains no new financial statements, earnings data, transactions, or guidance. Item 9.01 lists Exhibit 104 (cover-page Inline XBRL). The Company’s depositary shares representing its 6.625% Series B and 7.375% Series D preferred stock continue to trade on the NYSE under tickers ANGpB and ANGpD. Other than the forthcoming meetings and supplemental slide deck, no material corporate actions were disclosed.