Aegon Said to Seek 2.2 Billion Euros of Loans to Refinance Debt
Aegon NV (AGN), the Dutch insurer that owns Transamerica Corp., is seeking as much as 2.2 billion euros ($2.68 billion) of loans to refinance debt maturing next year, according to two people with direct knowledge of the deal.
The five-year facility, which will include a 1 billion-euro revolving credit, is being arranged by Bank of America Corp. and Citigroup Inc., said the people, who declined to be identified because terms are private. Proceeds will refinance loans including a 3 billion-euro revolving credit signed in 2005 that is due to mature in September 2012.
Aegon spokesman Dick Schiethart didn’t immediately reply to an e-mail seeking comment.
The Hague, Netherlands-based insurer is rated A3 by Moody’s Investors Service and A- by Standard & Poor’s.
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