Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, in connection with a registered offering by American Equity Investment Life Holding Company (“AEL”) of 16,000,000 Depositary Shares, each representing a 1/1000th interest in a share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, representing $400 million in aggregate liquidation preference.
American Equity Investment Life Holding Company, headquartered in West Des Moines, Iowa, issues fixed index and fixed rate annuities through its wholly owned subsidiaries.
The Simpson Thacher team included John C. Ericson, Eva Kang and Hyo Min Kim (Capital Markets); Jonathan Cantor and Morgan Otway (Tax); Steven DeLott (Insurance); Alisa Tschorke (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).