Athene Raises $600 Million for Insurance Expansion

Athene Holding Ltd. plans to raise $600 million through senior unsecured note sale to expand its insurance operations. The proceeds will be used for general corporate purposes, including capital contributions for organic growth. Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley are involved in the offering. Athene, established in 2009, specializes in retirement services and has total assets of $269.7 billion as of September 30th, 2023.