American International Group, Inc. (NYSE: AIG) today announced that the
U.S. Department of the Treasury (Treasury) has launched an offering of
$4.5 billion of its AIG common stock, par value $2.50 per share (AIG
Common Stock). The Treasury will also grant a 30-day option to the
underwriters for the offering to purchase additional shares to cover
over-allotments, if any.
In connection with Treasury’s offering, AIG has indicated to Treasury
that it intends to purchase shares of AIG Common Stock in the offering,
at the initial public offering price, pursuant to an authorization
granted by the AIG Board of Directors to purchase up to $3 billion of
AIG Common Stock.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman,
Sachs & Co., and J.P. Morgan Securities LLC have been retained as joint
bookrunners for the offering.
The offering will be made under AIG’s shelf registration statement filed
with the Securities and Exchange Commission and only by means of a
prospectus supplement and accompanying prospectus. When available, a
copy of the prospectus supplement and accompanying prospectus relating
to the offering may be obtained from the Securities and Exchange
Commission’s Web site at www.sec.gov
or by contacting any of (i) Citigroup Global Markets Inc., Attn:
Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, New York 11220, by calling 877-858-5407 or emailing email@example.com,
(ii) Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, by calling 1-800-503-4611, or by
(iii) Goldman, Sachs & Co. Attn: Prospectus Department, 200 West Street,
New York, New York 10282, by calling toll-free 866-471-2526, by faxing
212-902-9316 or by emailing firstname.lastname@example.org,
or (iv) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, by calling 866 803-9204.
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. In
particular, no assurance can be given that the offering or purchase will
be completed. These forward-looking statements reflect AIG’s current
views with respect to future events and are based on assumptions and are
subject to risks and uncertainties. Except for AIG’s ongoing obligation
to disclose material information as required by federal securities laws,
it does not intend to provide an update concerning any future revisions
to any forward-looking statements to reflect events or circumstances
occurring after the date hereof.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. AIG common stock
is listed on the New York StockExchange and the Tokyo Stock Exchange.