Partners In Value

September 2010

We entered into a Contribution and Exchange Agreement with funds affiliated with Harbinger Capital to acquire ~27.8MM shares of common stock of Spectrum Brands Holdings (NYSE: SPB), which represented at the time ~54.5% of the then outstanding Spectrum Brands stock.

November 2010

In a private offering, we issued 10.625% senior secured notes with a principle amount of $350MM maturing November 15, 2015. The proceeds of the offering were held in escrow to be released upon the closing of the Spectrum Brands acquisition.

August 2011

We completed the private offering of a sale of $120MM in aggregate of Series A-2 Participating Convertible Preferred Stock to certain institutional investors. Together with the sale in May 2011, we raised a total of $400MM in convertible preferred stock

December 2011

Fidelity & Guaranty Life made a dividend payment of $20MM in September 2011, followed by an additional $20MM dividend payment in December 2011

January & March 2012

We hired our President, Omar Asali, and other members of our management team effective as of October 1, 2011. In March 2012, we completed the initial build-out of our senior management team by hiring our new Chief Financial Officer, Thomas Williams.

May 2012

Spectrum Brands completed another amendment of its senior secured asset-based revolving credit facility at lower interest rates and an extended maturity.

November 2012

We announced the signing of a joint venture transaction with EXCO Resources, Inc. to create a private oil and gas limited partnership that will purchase and operate EXCO’s producing U.S. conventional oil and gas assets, for a total consideration of $725 million. This transaction will further diversify HRG by establishing a new energy operating business and is expected to add stable and reliable revenue and cash flow streams.

December 2012

HRG completed two significant corporate transactions in December 2012. The first was a secondary offering by our largest and affiliated shareholder for 20 million shares. This transaction increased HRG’s float and further diversified our investor base. Additionally, we successfully replaced $500MM of 10.625% notes due November 15, 2015 with $700MM of 7.875% notes due July 15, 2019. This transaction lowered our cost of capital, extended our maturities, provided HRG with increased financial flexibility, and raised additional “dry powder” to further pursue our business objectives.

December 2012

Spectrum Brands completed the acquisition of the Hardware & Home Improvement Group (HHI) of Stanley Black & Decker. HHI is a major manufacturer and supplier of residential locksets, residential builders’ hardware and faucets with #1 positions in key North American markets and a portfolio of renowned brands.

February 2013

We closed on the joint venture with EXCO Resources and established a new energy operating partnership that purchased and will operate EXCO’s conventional oil and natural gas assets in West Texas and East Texas and North Louisiana. We also announced that the new partnership signed an agreement to acquire conventional oil and natural gas assets from an affiliate of BG Group for $132.5 million.

December 2013

In December 2013 FGL completed its initial public offering of ~11.2 million shares of common stock at a price to the public of $17 per share. The shares began trading on the NYSE on December 13, 2013 under the ticker symbol “FGL”.

December 2013

Front Street Cayman closed an inaugural third party reinsurance treaty with Bankers Life Insurance Company. Under the terms of the treaty, Bankers Life Insurance Company will cede $160 million of its annuity business to Front Street Cayman.

October 2014

Acquired the remaining interest in Compass Production Partners, LP