Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC, BofA Securities, Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC, in connection with a registered offering by American Equity Investment Life Holding Company of 12,000,000 Depositary Shares, each representing a 1/1000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, representing $300 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 and Ben Massey (Capital Markets); Jonathan Cantor and Morgan Otway (Tax); Steven DeLott (Insurance); Jeanne Annarumma and Monisha Bhayana (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); Noreen Lavan (Environmental); and Jennie Getsin (FINRA and Blue Sky).