Athene agrees $600m sale of unsecured notes


Athene Holding Ltd., a prominent financial services company specialising in retirement services, has recently disclosed its agreement to sell $600m of 5.875% senior unsecured notes due in 2034.  

The company plans to allocate the net proceeds from this substantial funding for general corporate purposes, particularly to bolster capital contributions to its insurance subsidiaries.  

These capital injections are intended to fortify organic growth within Athene Holding Ltd. 

Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley have been appointed as joint book-running managers for this offering, underlining their instrumental roles in facilitating this financial transaction. 

This note sale falls under an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). However, it’s emphasised that Athene’s press release does not constitute an offer to sell or a solicitation to buy, in adherence to legal regulations. 

The funds raised will be used in strict compliance with the pertinent laws and regulations, with further details available through the SEC or the appointed joint book-running managers. Athene Holding Ltd. operates with a commitment to legal compliance and transparency. 

This recent financial transaction adds to Athene’s robust financial standing, further bolstering its position as a leader in retirement services. The company’s total assets amount to $269.7bn as of September 30, 2023, with operations spanning across the United States, Bermuda, Canada, and Japan. 

This investment offering, anticipated to conclude on December 12, 2023, is subject to meeting standard closing requirements. 

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