Debevoise Advises Corebridge Financial in Its $1 Billion Hybrid Notes Offering

29 August 2022

Debevoise & Plimpton LLP advised Corebridge Financial, Inc. in its $1.0 billion offering of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 in connection with the separation of American International Group Inc.’s (NYSE: AIG) Life & Retirement business. For more information, please see the company’s press release.

Corebridge is the parent company of AIG’s Life & Retirement business. Corebridge brings together a broad portfolio of protection, retirement savings, investment and lifetime income solutions to help individuals achieve financial and retirement security.

The Debevoise team is led by capital markets partners Eric Juergens and Paul Rodel and includes associates Mihir Awati, Paul Lowry and Ashley Yoon, international associates John JacobAmy Pereira and Beatrice Techawatanasuk, law clerk Chika Ojukwu, and tax partner Daniel Priest and associate Kimberly Lee.