Athene Holding Completes $862.5M Fixed to Floating Rate Preference Shares Offering

Athene Holding Completes $862.5M Fixed to Floating Rate Preference Shares Offering

 

Fried Frank acted as counsel to Morgan Stanley, BofA Securities, UBS Securities and Wells Fargo Securities, as representatives of the several underwriters in Athene Holding's offering of 34,500,000 depositary shares, each representing a 1/1,000th interest in a share of 6.35% fixed-to-floating rate perpetual non-cumulative preference shares. The aggregate value of the offering was US$862,500,000. This was Athene Holding's inaugural preference shares offering.
 
The Fried Frank team was led by corporate partners Daniel J. Bursky, Mark S. Hayek and Lee T. Barnum; and included tax partner Joseph E. Fox; corporate special counsel Martin A. Hewitt; corporate associates Kimberly L. Barr and Hana Nah; and tax associate Ryan L. Conley.

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