Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 29

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 GROUP, INC. 10-QNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED

H.    Long-Term Debt

Long-term debt consisted of the following (in millions):March 31, 2025December 31, 2024PrincipalDiscount and Issue CostsCarrying ValuePrincipalDiscount and Issue CostsCarrying ValueDirect Senior Obligations of AFG:4.50% Senior Notes due June 2047$567 $(1)$566 $567 $(1)$566 5.25% Senior Notes due April 2030253 (3)250 253 (4)249 Other3 — 3 3 — 3 823 (4)819 823 (5)818 Direct Subordinated Obligations of AFG:4.50% Subordinated Debentures due September 2060200 (5)195 200 (5)195 5.125% Subordinated Debentures due December 2059200 (5)195 200 (5)195 5.625% Subordinated Debentures due June 2060150 (4)146 150 (4)146 5.875% Subordinated Debentures due March 2059125 (4)121 125 (4)121 675 (18)657 675 (18)657 $1,498 $(22)$1,476 $1,498 $(23)$1,475 Scheduled principal payments on debt for the balance of 2025, the subsequent five years and thereafter are as follows: 2025 — none; 2026 — none; 2027 — none; 2028 — none; 2029 — none; 2030 — $253 million and thereafter — $1.25 billion.AFG can borrow up to $450 million under its revolving credit facility, which expires in June 2028. Amounts borrowed under this agreement bear interest at rates ranging from 1.00% to 1.75% (currently 1.25%) over a SOFR-based floating rate. No amounts were borrowed under this facility at March 31, 2025 or December 31, 2024.

I.    Shareholders’ Equity

AFG is authorized to issue 12.5 million shares of Voting Preferred Stock and 12.