Business
F&G Annuities & Life Prices Common Stock Offering
F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of 8,000,000 shares of its common stock at a price to the public of $35.00 per share. In connection with the offering, F&G has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of F&G's common stock. Fidelity National Financial, Inc., F&G's majority-stockholder, has agreed to purchase 4,500,000 shares in the offering from the underwriters at the price per share p
About this update from F&g Annuities & Life, Inc.
[{"type":"text","content":"DES MOINES, Iowa, March 20, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of 8,000,000 shares of its common stock at a price to the public of $35.00 per share. In connection with the offering, F&G has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of F&G's common stock. Fidelity National Financial, Inc., F&G's majority-stockholder, has agreed to purchase 4,500,000 shares in the offering from the underwriters at the price per share paid by the underwriters of $33.60 per share. The offering is expected to close on March 24, 2025, subject to satisfaction of customary closing conditions.","length":750,"tagName":"p"},{"type":"text","content":"F&G intends to use the net proceeds of this offering for general corporate purposes, including the support of organic growth opportunities.","length":143,"tagName":"p"},{"type":"text","content":"BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.","length":112,"tagName":"p"},{"type":"text","content":"The public offering is being made pursuant to a registration statement (including a prospectus, as supplemented) that F&G has filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the registration statement may be accessed through the SEC's website at www.sec.gov. A copy of the prospectus (as supplemented), when available, may be obtained by contacting BofA Securities, Inc. toll-free at 1-800-294-1322 or J.P. Morgan Securities LLC collect at 1-212-834-4533.","length":503,"tagName":"p"},{"type":"text","content":"This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of these securities may be made only by means of a prospectus (as supplemented) relating to this offering.","length":364,"tagName":"p"},{"type":"text","content":"About F&G","length":13,"tagName":"p"},{"type":"text","content":"F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail ann...