Athene strengthened its liquidity by establishing two unsecured revolving credit facilities totaling $4.35 billion and retiring prior lines. The company entered a new Citibank-led revolver of up to $1.75 billion, expandable to $2.50 billion, maturing in 2031 with extension options, and a new Wells Fargo-led 364-day revolver of $2.60 billion, expandable to $3.10 billion, with extension and term-out features. Concurrently, Athene terminated its 2023 Citibank facility and allowed its 2025 Wells Fargo 364-day facility to expire. The moves update and expand Athene’s short- and long-term funding flexibility.
Agreement 1: Athene Secures $1.75 Billion Unsecured Revolver With Citibank, Extendable to $2.50 Billion
- Agreement type: Unsecured multi-year revolving credit facility
- Counterparty: Citibank, as Administrative Agent, and other lenders
- Signed / Effective: Jun 26 2026 / Jun 26 2026
- Duration / Termination: Through Jun 26 2031, plus two 1-year extensions
- Reason: Refinance and expand liquidity capacity
Agreement 2: Athene Adds $2.60 Billion 364-Day Unsecured Revolver With Wells Fargo, Upsize to $3.10 Billion
- Agreement type: Unsecured 364-day revolving credit facility
- Counterparty: Wells Fargo Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jun 26 2026 / Jun 26 2026
- Duration / Termination: Through Jun 25 2027; extendable or term-out up to one year
- Reason: Enhance short-term liquidity flexibility
Agreement 3: Athene Replaces 2023 Citibank Revolver; Prior Commitments Terminated
- Agreement terminated: Revolving credit agreement
- Counterparty: Citibank, as Administrative Agent, and other lenders
- Original agreement date: Jun 30 2023
- Termination date: Jun 26 2026
- Termination type: Early
- Reason: Replaced by new larger facility
Agreement 4: Athene Lets 2025 Wells Fargo 364-Day Facility Expire as New Line Starts
- Agreement terminated: 364-day revolving credit agreement
- Counterparty: Wells Fargo Bank, as Administrative Agent, and other lenders
- Original agreement date: Jun 27 2025
- Termination date: Jun 26 2026
- Termination type: expiry
- Reason: Superseded by new 364-day facility
Original SEC Filing:
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