Fidelity & Guaranty to repay $135 million of revolver debt via notes

By Tali Rackner

Minneapolis, April 16 – FGL Holdings subsidiary Fidelity & Guaranty Life Holdings, Inc. plans to repay $135 million of borrowings under its revolving credit facility using the proceeds from a new senior note offering, according to a press release.

Proceeds will also be used to fully redeem the company’s $300 million 6 3/8% senior notes due 2021 and for general corporate purposes.

Fidelity & Guaranty Life is a Des Moines insurance holding company offering fixed annuity and life insurance products.

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