FIDELITY & GUARANTY LIFE (NYSE:FGL) Files An 8-K Entry into a Material Definitive Agreement

FIDELITY & GUARANTY LIFE (NYSE:FGL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry Into a Material Definitive Agreement.

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On July 17, 2017, Fidelity & Guaranty Life Holdings, Inc., a wholly owned subsidiary of Fidelity & Guaranty Life, entered into a Second Amendment to Credit Agreement (the “Second Amendment”), which amends the Credit Agreement (the “Original Credit Agreement”), dated as of August 26, 2014, with certain lenders and Royal Bank of Canada as administrative agent for the lenders. The Original Credit Agreement provided for a three year $150 million unsecured revolving credit facility. The Second Amendment extends the credit facility commitment and maturity date by an additional year, so that the facility would terminate on August 26, 2018, subject to certain conditions, covenants, representations and warranties and conditions precedent. In addition, the Second Amendment amends certain other definitions and covenants contained within the Original Credit Agreement.

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information disclosed in Item 1.01 is incorporated by reference into this Item 2.03.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits




Second Amendment to Credit Agreement dated as of July 17, 2017 by and among Fidelity & Guaranty Life Holdings, Inc., each of the lenders from time to time party thereto and Royal Bank of Canada.

Fidelity & Guaranty Life Exhibit
EX-10.1 2 pcdocs-8410906xv1xfidelity.htm EXHIBIT 10.1 Exhibit SECOND AMENDMENT TO CREDIT AGREEMENTSECOND AMENDMENT dated as of July 17,…
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Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. FGL’s principal products are deferred annuities (including fixed indexed annuity (FIA) contracts), immediate annuities and life insurance products. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). It distributes and services primarily fixed rate annuities, including FIAs. The Company provides FIA’s for pre-retirement wealth accumulation and post-retirement income management. Its life insurance provides wealth protection and transfer opportunities through indexed universal life products.

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