ST. LOUIS--(BUSINESS WIRE)--May 8, 2019--
Reinsurance Group of America, Incorporated (NYSE: RGA) announced today
that it has priced an aggregate principal amount of $600 million of 3.90
percent senior notes due 2029 pursuant to a public offering. RGA expects
to use the net proceeds from the offering to repay upon maturity its
$400 million 6.45% senior notes that mature in November 2019, and for
general corporate purposes.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, RBC Capital Markets, LLC, Wells Fargo Securities, LLC,
Barclays Capital Inc. and Mizuho Securities USA LLC are acting as the
joint book-running managers for the offering.
The senior notes have a 10-year final maturity, with a par-call option
three months prior to maturity, an issue price of 99.754 percent and
feature a fixed-rate coupon of 3.90 percent, payable semiannually. RGA
expects to complete the offering of the senior notes on May 15, 2019,
subject to customary closing conditions.
This offering is being conducted as a public offering by means of a
prospectus supplement filed as part of a shelf registration statement
previously filed with the Securities and Exchange Commission (the “SEC”)
on Form S-3. This news release does not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
senior notes in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. This offering is being made solely by means of a
prospectus and prospectus supplement.
Copies of the prospectus and prospectus supplement relating to the
offering may be obtained by contacting: J.P. Morgan Securities LLC, 383
Madison Avenue, New York, New York 10179, Attention: Investment Grade
Syndicate Desk, by telephone at (212) 834-4533 or by fax at (212)
834-6081; Merrill Lynch, Pierce, Fenner & Smith Incorporated,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North
Carolina 28255-0001, Attention: Prospectus Department, by e-mail at email@example.com;
RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, New
York 10281, Attention: Debt Capital Markets, by telephone at (866)
375-6829 or by e-mail at RBCNYFixedIncomeProspectus@rbccm.com;
or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000,
Minneapolis, Minnesota 55402, Attention: WFS Customer Service, by
telephone at (800) 645-3751 or by e-mail at firstname.lastname@example.org.
Before you invest, you should read the prospectus and the prospectus
supplement, the registration statement and other documents that RGA has
filed with the SEC for more complete information about RGA and the
offering. Investors may also obtain these documents for free by visiting
the EDGAR system on the SEC’s website at www.sec.gov
or by contacting the underwriters with your request.
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company,
is among the leading global providers of life reinsurance and financial
solutions, with approximately $3.4 trillion of life reinsurance in force
and assets of $66.7 billion as of March 31, 2019. Founded in 1973, RGA
today is recognized for its deep technical expertise in risk and capital
management, innovative solutions, and commitment to serving its clients.
With headquarters in St. Louis, Missouri, and operations around the
world, RGA delivers expert solutions in individual life reinsurance,
individual living benefits reinsurance, group reinsurance, health
reinsurance, facultative underwriting, product development, and
View source version on businesswire.com: https://www.businesswire.com/news/home/20190508005840/en/
Source: Reinsurance Group of America, Incorporated
Senior Vice President, Investor Relations