Reinsurance Group of America Secures $1 Billion Financing Agreement with Omnis Funding Trust and Leading Securities Firms
On June 4, 2025, Reinsurance Group of America Inc. $(RGA)$ finalized a significant financial arrangement through a Purchase Agreement with Omnis Funding Trust and several initial purchasers, including TD Securities $(USA)$ LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC. The agreement facilitated the issuance and sale of 1,000,000 Pre-Capitalized Trust Securities (P-Caps) by the Trust, amounting to a total of $1 billion. This private placement, conducted under Rule 144A of the Securities Act of 1933, provides RGA with contingent liquidity to be used for general corporate purposes. Additionally, a Facility Agreement was established, granting RGA the right to direct the Trust to purchase up to $1 billion of its 6.722% Senior Notes due 2055. This strategic financial maneuver includes a semi-annual facility fee paid to the Trust and a reimbursement agreement for transaction-related expenses.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reinsurance Group of America Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-134988), on June 04, 2025, and is solely responsible for the information contained therein.
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