Athene Holding Ltd. has priced a public offering of $300 million of its 12 million depositary shares, each representing a fractional interest in its 5.625% fixed-rate perpetual noncumulative series B preference shares, $1.00 par value and $25,000 liquidation preference per share.
The underwriters for the offering were granted an overallotment option to purchase up to 1.8 million additional shares prior to the closing of the offering.
The offering is expected to close Sept. 19. The company intends to list the depositary shares on the New York Stock Exchange under the ticker symbol ATHPrB.
Athene intends to use the net proceeds from the offering for general corporate purposes, including to support growth from both organic and inorganic channels and its commitment to Athene Co-Invest Reinsurance Affiliate.
Wells Fargo Securities LLC, BofA Securities Inc., UBS Securities LLC and RBC Capital Markets LLC are joint book-running managers for the offering.
