AIG’s $1.16 Billion Tender Offers

Cleary Gottlieb is representing the dealer managers, BofA Securities Inc. and Citigroup Global Markets Inc., in cash tender offers by American International Group Inc. (AIG) for 12 series of outstanding unsecured notes and debentures issued by AIG.

The aggregate total consideration offered is $1.16 billion, excluding accrued interest.

The tender offers launched on December 6, 2024, with an expiration date of December 12, 2024, and settled on December 16, 2024, with a final settlement expected on December 18, 2024.

Cleary has represented the underwriters in numerous prior transactions of AIG, dating back to AIG’s re-IPO in 2011, and most recently a ¥100 billion bond offering in November 2024.

AIG is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners.

For more information, please see the press release.