AIG’s €1.125 Billion Offering

Cleary Gottlieb represented the underwriters in an offering by American International Group Inc. (AIG) of €1.125 billion aggregate principal amount of notes.

The notes offering consisted of €625 million of 4.25% notes due 2031 and €500 million of 4.75% notes due 2036.

Cleary has represented the underwriters in numerous prior securities offerings by AIG, dating back to AIG’s re-IPO in 2011, and including AIG’s carve-out of its former life and retirement subsidiary, Corebridge Financial Inc.’s $1.7 billion IPO.

The notes offering was led by Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, BNP PARIBAS, and Citigroup Global Markets Limited, as joint global coordinators and representatives of the underwriters. In all, 12 underwriters participated in the notes offering, which priced on September 15, 2026. The offering is expected to close on September 24, 2026.

AIG is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in over 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners.

The Cleary corporate team included partners Synne Chapman and Craig Brod and associates Jose Andres de Saro, Marc Chien, and Chad Kennon. Partner Chrishan Raja and associate Alexandre Pauwels advised on UK and EU matters. Capital markets attorney Nicole Puppieni, avvocato Valentina Camusso, and associate Alberto Bason advised on Italy selling restrictions matters. Partner Matthew Brigham and associate Michael Hughes advised on tax matters. Partners Samuel Chang and Chase Kaniecki and associate Alexi Stocker advised on sanctions matters.