Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG

About this update from American International Group, Inc. New

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2400,"height":784,"url":"https://media.zenfs.com/en/business-wire.com/88d4ddce196cd503e1e92ba224a89720"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/16JkQtyucUhawaSWus7t9A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMxNDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/88d4ddce196cd503e1e92ba224a89720","width":960,"height":314},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/LcDkyk0V6EIVg7un614Lkg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03ODQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/88d4ddce196cd503e1e92ba224a89720","width":1200,"height":392}},"lazy":false},{"type":"text","content":"HOUSTON, November 05, 2025--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.10 per share. The offering is expected to close on November 6, 2025, subject to customary closing conditions.","length":367,"tagName":"p"},{"type":"text","content":"AIG, as the selling stockholder, has offered 32.6 million existing shares of common stock (out of approximately 520 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $1.0 billion of gross proceeds. All of the net proceeds from the offering will go to AIG.","length":311,"tagName":"p"},{"type":"text","content":"In addition, Corebridge Financial, Inc. announced that, subject to the completion of the offering, it intends to purchase approximately $500 million of common stock from the underwriter at the same per share price to be paid by the underwriter to AIG, net of underwriting discounts and commissions. Corebridge Financial, Inc. intends to fund the purchase with cash on hand. The closing of such purchase from the underwriter is subject to the closing of the offering. The closing of the offering is not conditioned upon the closing of the purchase from the underwriter.","length":568,"tagName":"p"},{"type":"text","content":"J.P. Morgan is acting as the underwriter for the offering.","length":58,"tagName":"p"},{"type":"text","content":"The offering of common stock is being made only by means of a prospectus and an accompanying prospe...

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