Athene Announces Pricing Of Public Offering

September 19, 2019

Athene Holding Ltd. [Athene] announced the pricing of its public offering of 12,000,000 depositary shares, each representing a 1/1,000th interest in its 5.625% Fixed Rate Perpetual Non-Cumulative Preference Shares, Series B, $1.00 par value and $25,000 liquidation preference per share [equivalent to $25.00 per depositary share], for an aggregate public offering price of $300,000,000.

The offering is expected to close on September 19, 2019, subject to satisfaction of customary closing conditions. Athene intends to list the depositary shares on the New York Stock Exchange under the ticker symbol “ATHPrB.” Athene has granted the underwriters the option to purchase up to 1,800,000 additional depositary shares solely to cover over-allotments, if any, prior to the closing of the offering.

Athene intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, supporting 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 acting as joint book-running managers for the offering.

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