AIG’s Cash Tender Offers and Consent Solicitations

May 12, 2021

Cleary Gottlieb is representing Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as dealer managers and solicitation agents, in a series of cash tender offers launched by American International Group Inc. (AIG) for certain outstanding notes originally issued by legacy life amd retirement companies American General Corporation (now AIG Life Holdings) and SunAmerica Inc. (SunAmerica) prior to these companies being acquired by AIG in the late 1990s and early 2000s.

AIG also commenced solicitations of consents to amend the indentures governing the notes issued by SunAmerica and certain series of notes issued by AIG Life Holdings to conform the covenants governing such indentures to the covenants in AIG’s other existing indentures. The tender offers and consent solicitations contemplate an early tender period ending on May 24, 2021, and are expected to expire on June 8, 2021.

AIG is a leading global insurance organization serving customers in approximately 80 countries and jurisdictions. AIG companies serve commercial 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.