Monitor for any drawdowns or changes in credit ratings. This is a routine refinancing with no immediate read-through for preferred holders; the new facilities provide ample liquidity but do not alter the credit profile.
Price Chart
Executive Summary
Athene Holding Ltd. entered into two new revolving credit facilities: a $1.75 billion Citibank facility (expandable to $2.50 billion, maturing 2031) and a $2.60 billion Wells Fargo 364-day facility (expandable to $3.10 billion, maturing 2027), replacing prior credit agreements. This is a routine refinancing that maintains liquidity and extends maturities, with no material impact on preferred credit quality.
Key Financial Metrics
Key Facts
- New Citi revolving credit facility: up to $1.75 billion, expandable to $2.50 billion, matures June 26, 2031, with two 1-year extension options.
- New Wells Fargo 364-day revolving credit facility: up to $2.60 billion, expandable to $3.10 billion, matures June 25, 2027, with possible 364-day extensions.
- Both facilities are unsecured and replace prior credit agreements dated June 30, 2023 (Citi) and June 27, 2025 (Wells).
- Financial covenants include minimum consolidated net worth of $22.06 billion (Citi) and $26.23 billion (Wells), and a debt-to-capitalization ratio not exceeding 40% (Citi).
- Interest rates are based on Term SOFR plus a margin (currently 1.125% for Citi, 1.100% for Wells) or Base Rate plus a margin.
Financial Impact
Routine refinancing with increased capacity and extended maturities; no immediate financial impact on preferred dividends or credit quality.
Risk Factors
- Potential increase in leverage if facilities are drawn significantly.
- Interest rate exposure from floating-rate borrowings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001527469-26-000041 |
| Document: 0001527469-26-000041-index-headers.html | 0001527469-26-000041 |
| Document: 0001527469-26-000041-index.html | 0001527469-26-000041 |
| Document: 0001527469-26-000041.txt | 0001527469-26-000041 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | Press Release | $22.48 | awaiting T+20 | — | $22.47 (−0.04%) |
Oct 5, 2026 21d ago | 8-K | $22.90 | awaiting T+20 | — | $22.47 (−1.86%) |
Sep 21, 2026 5w ago | 8-K | $23.80 $22.48 | ▼ −5.55% | ▼ −4.64% | $22.47 (−5.59%) |
Sep 18, 2026 5w ago | Press Release | $23.84 $22.53 | ▼ −5.50% | ▼ −5.70% | $22.47 (−5.75%) |
Aug 24, 2026 9w ago | 8-K | $23.76 $23.84 | ▲ +0.34% | ▲ +0.32% | $22.47 (−5.43%) |
Aug 11, 2026 11w ago | 8-K | $23.80 $23.75 | ▼ −0.21% | ▲ +0.85% | $22.47 (−5.59%) |
Aug 10, 2026 11w ago | 8-K | $23.66 $23.95 | ▲ +1.20% | ▲ +2.12% | $22.47 (−5.03%) |
Aug 5, 2026 11w ago | 424B5 | $23.84 $23.97 | ▲ +0.55% | ▲ +1.15% | $22.47 (−5.75%) |
Aug 5, 2026 11w ago | 8-K | $23.84 $23.97 | ▲ +0.55% | ▲ +1.15% | $22.47 (−5.75%) |
Aug 4, 2026 12w ago | 8-K | $23.90 $23.86 | ▼ −0.17% | ▲ +1.07% | $22.47 (−5.98%) |
US Market Status
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