Simpson Thacher recently represented the underwriters, led by J.P. Morgan Securities LLC, in a public offering of $400 million in aggregate principal amount of 6.625% Senior Notes due 2021 by American Equity Investment Life Holding Company (“AEL”). This was the first high yield offering by AEL.
AEL is a full service underwriter of fixed annuity and life insurance products in all 50 states and the District of Columbia, with a primary emphasis on the sale of index and fixed rate annuities.
The Simpson Thacher team included John Ericson, Jeremy Barr and Jihyun Chung (Capital Markets); Jonathan Cantor and Jodi Sackel (Tax); Steven DeLott (Insurance); Noreen Lavan (Environmental); Brittany McCants (Employee Benefits); and Jennie Getsin (FINRA & Blue Sky). Summer associate Jessica Asrat also provided valuable assistance.
