Pillsbury advised the underwriters on the recent public offering by F&G Annuities & Life, Inc., a leading insurance solutions provider, of 8,000,000 shares of its common stock, par value $0.001 per share, which were offered to the public at a price of $35.00 per share.

BofA Securities, Inc., J.P. Morgan Securities LLC, Piper Sandler & Co., Raymond James & Associates, Inc. and RBC Capital Markets, LLC served as the underwriters for the offering, and BofA Securities, Inc. and J.P. Morgan Securities LLC acted as joint book-running managers. In connection with the offering, F&G granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of its common stock.

Additionally, F&G’s majority-stockholder, Fidelity National Financial, Inc., agreed to purchase 4,500,000 shares directly from the underwriters at a price of $33.60 per share.

The net proceeds from the offering are intended to support general corporate purposes, including the financing of organic growth opportunities, as stated in a company press release.

Click here to learn more.

The New York-based Pillsbury deal team was led by Corporate partner Stephanie Langan and included Tax partner Harsha Reddy, Finance associate Sacha Urbach and Corporate associate Alexander Ntchobo.