FGH Parent, L.P., under the Fortitude Re brand, has successfully completed its second funding agreement-backed notes (FABN) offering, raising $500 million through Fortitude Life Insurance & Annuity Company (FLIAC). This private placement, priced at a 5.50% interest rate, is set to mature on June 12, 2031, and has received solid ratings from Fitch and Moody’s. Treasurer Alan Stewart highlighted that this move not only builds on their previous success but also enhances financial flexibility and diversification. The proceeds will support FLIAC’s funding agreements, benefiting policyholders and stakeholders alike. Source and details of the news