American Equity Proposes $500M of Unsecured Notes

|About: American Equity Investme... (AEL)|By:, SA News Editor

American Equity Investment Life Holding Company (NYSE:AEL) +1.3% plans to launch public offering of $500M of senior unsecured notes due 2027.

Net proceeds will be used to redeem 6.625% Senior Notes due 2021 and prepay in full $100M term loan maturing on September 30, 2019.

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