AIG’s $455 Million Tender Offers

Cleary Gottlieb represented the dealer managers, led by BNP Paribas Securities Corp., BofA Securities Inc., and U.S. Bancorp Investments Inc., in cash tender offers by American International Group Inc. (AIG) for 10 series of outstanding unsecured notes and debentures issued by AIG.

The aggregate total consideration offered was $455 million, excluding accrued interest.

The tender offers launched on June 2, 2025, with an expiration date of June 6, 2025, and settled on June 10, 2025.

Cleary has represented the underwriters in numerous prior transactions of AIG, dating back to AIG’s re-IPO in 2011, and most recently a $1.250 billion bond offering in May 2025.

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.

For more information, please see the press release.