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Published on 6/18/2013 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

American Equity plans exchange offer for 5.25% contingent convertibles

By Susanna Moon

Chicago, June 18 - American Equity Investment Life Holding Co. plans to begin an exchange offer for its outstanding 5.25% contingent convertible senior notes due 2029, according to a 424B5 filing with the Securities and Exchange Commission.

In exchange, the company is offering cash and newly issued shares of common stock.

American Equity is a West Des Moines, Iowa-based insurance company.


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