American Financial Group, Inc. Announces Notice of Redemption of 5.75% Senior Notes
21 July 2017 - 6:05AM
Business Wire
American Financial Group, Inc. (NYSE: AFG) announced today that
it has given notice of its intention to redeem all of the
outstanding 5.75% Senior Notes due August 2042. The Senior Notes,
which have an outstanding principal balance of $125 million, will
be redeemed on August 25, 2017, at 100% of principal plus accrued
and unpaid interest, if any, to the redemption date. The Senior
Notes are listed on the New York Stock Exchange under the trading
symbol “AFA.”
About American Financial Group,
Inc.
American Financial Group is an insurance holding company based
in Cincinnati, Ohio, with assets over $55 billion. Through the
operations of Great American Insurance Group, AFG is engaged
primarily in property and casualty insurance, focusing on
specialized commercial products for businesses, and in the sale of
fixed and fixed-indexed annuities in the retail, financial
institutions and education markets. Great American Insurance
Group’s roots go back to 1872 with the founding of its flagship
company, Great American Insurance Company.
Forward Looking
Statements
This press release contains certain statements that may be
deemed to be "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements in this press
release not dealing with historical results are forward-looking and
are based on estimates, assumptions and projections.
Actual results and/or financial condition could differ
materially from those contained in or implied by such
forward-looking statements for a variety of reasons including, but
not limited to: changes in financial, political and economic
conditions, including changes in interest and inflation rates,
currency fluctuations and extended economic recessions or
expansions in the U.S. and/or abroad; performance of securities
markets; new legislation or declines in credit quality or credit
ratings that could have a material impact on the valuation of
securities in AFG’s investment portfolio; the availability of
capital; regulatory actions (including changes in statutory
accounting rules); changes in the legal environment affecting AFG
or its customers; tax law and accounting changes; levels of natural
catastrophes and severe weather, terrorist activities (including
any nuclear, biological, chemical or radiological events),
incidents of war or losses resulting from civil unrest and other
major losses; development of insurance loss reserves and
establishment of other reserves, particularly with respect to
amounts associated with asbestos and environmental claims;
availability of reinsurance and ability of reinsurers to pay their
obligations; trends in persistency and mortality; competitive
pressures; the ability to obtain adequate rates and policy terms;
changes in AFG’s credit ratings or the financial strength ratings
assigned by major ratings agencies to AFG’s operating subsidiaries;
the impact of the conditions in the international financial markets
and the global economy (including those associated with the United
Kingdom's expected withdrawal from the European Union, or "Brexit")
relating to AFG’s international operations; and other factors
identified in AFG’s filings with the Securities and Exchange
Commission.
The forward-looking statements herein are made only as of the
date of this press release. The Company assumes no obligation to
publicly update any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170720006273/en/
American Financial Group, Inc.Diane P. Weidner,
513-369-5713Asst. Vice President - Investor
Relationswww.AFGinc.comwww.GreatAmericanInsuranceGroup.com
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