Corebridge repays $500 million of delayed-draw loan via new notes

By Marisa Wong

Los Angeles, Sept. 15 – Corebridge Financial, Inc. repaid $500 million of the $1.5 billion aggregate principal amount currently drawn under its three-year delayed-draw term loan dated Feb. 25, 2022 with JPMorgan Chase Bank, NA as administrative agent using proceeds from an issue of new notes and cash on hand, according to an 8-K filing with the Securities and Exchange Commission.

The company issued $500 million of 6.05% senior notes due 2033 on Friday.

Corebridge is a Houston-based financial services company that formed after a spinoff from AIG in 2022.

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