Debevoise & Plimpton LLP has advised Corebridge Financial, Inc., in its $6.5 billion offering of senior unsecured notes in connection with the separation of American International Group Inc.’s (NYSE: AIG) Life & Retirement business. This is reported to be the largest debt offering by an insurance company to date. For more information, please see the company’s press release.

Corebridge is the parent company of AIG’s Life & Retirement business. Corebridge brings together a broad portfolio of protection, retirement savings, investment and lifetime income solutions to help individuals achieve financial and retirement security. 

The Debevoise team was led by capital markets partners Paul Rodel and Eric Juergens, and included associate Paul Lowry, international associates John Jacob, Anthony Otis and Beatrice Techawatanasuk and law clerk Jordana Palgon, and tax partner Daniel Priest and associate Kimberly Lee.