The staff at American Eagles Limo will work with their clients to ensure that their vision for their special day is met, with no detail left unaddressed.
American Eagles Limo, one of the premier limousine services on Long Island, offers a range of vehicles to clients throughout Nassau & Suffolk counties.
American Eagle Limo can be found on the web at http://americaneagleslimo.
American Financial Group will nominate two senior executives to join the American Eagle Board of Directors upon closing of the transaction.
Philip Guthrie, Chairman and Chief Executive Officer of American Eagle stated, "All of us at American Eagle are extremely pleased with this new strategic alliance.
Best "A" rated capacity from American Financial Group, coupled with additional product offerings and expansions of existing American Eagle product lines, should yield substantial benefits to American Eagle and its stockholders.
Under the capital terms of the strategic alliance, American Financial Group has agreed to invest $35 million in an American Eagle Series D Preferred Stock.
The preferred stock is callable at par by American Eagle at any time.
As part of the overall transaction, American Eagle has granted to American Financial Group warrants for 800,000 shares of American Eagle common with an exercise price of $3.
Proceeds from the transaction will be utilized to contribute capital to American Eagle Group's insurance company subsidiary, to reduce bank debt, and for other general corporate purposes.
Closing of the transaction is subject to approval by American Eagle stockholders and applicable regulatory agencies and to other customary conditions.