Corebridge Financial to sell senior notes via seven bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Dec. 5 – Corebridge Financial, Inc. plans to issue a tranche of senior notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will have an optional make-whole call until some months prior to maturity, and then they will be callable at par.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., HSBC Securities (USA) Inc., PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. are the bookrunners.

The Bank of New York Mellon is the trustee.

Debevoise & Plimpton LLP is legal counsel for Corebridge, and Cleary Gottlieb Steen & Hamilton LLP will advise the underwriters.

The company will use the proceeds to repay a portion of its $1 billion aggregate principal amount currently drawn under its three-year delayed-draw term loan agreement. As of Dec. 5, the interest rate on outstanding borrowings is 6.44%.

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

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