Paul Hastings Represents Joint Lead Arrangers on $1.5 Billion Term Loan Financing and Joint Book-Runners on $500 Million Senior Notes Listing in Connection with Brookfield Reinsurance’s Acquisition of American National Group

June 13, 2022

New York – Paul Hastings LLP, a leading global finance firm, announced today that it represented various parties in connection with the acquisition of American National Group, Inc. by leading reinsurance business Brookfield Asset Management Reinsurance Partners Ltd. 

The team represented a group of Joint Lead Arrangers on the $1.5 Billion Term Loan financing in connection with the acquisition, which was completed in May 2022. The arrangers included The Bank of Montreal, Royal Bank of Canada, HSBC Securities, BNP PARIBAS, and the Canadian Imperial Bank of Commerce.

The team also acted as counsel to joint book-runners BMO Capital Markets Corp., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC in connection with the issuance of $500 million of 6.144% senior notes due 2032 by American National. The company intends to use the net proceeds of the offering, together with cash on hand, to partially prepay borrowings under its term loan facility entered into in connection with the recent acquisition.

The team was led by Co-chair of the Finance practice John Cobb, with assistance from partner Kris Villarreal, and associates Matt Bartlett, Obediah Samuel, Max Roberts, and Ara Dungca.

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Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity, and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

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