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AXA Equitable Holdings, Inc. Announces Pricing of Secondary Common Stock Offering by AXA S.A.
[March 20, 2019]

AXA Equitable Holdings, Inc. Announces Pricing of Secondary Common Stock Offering by AXA S.A.


AXA Equitable Holdings, Inc. (the "Company") announced today the pricing of a secondary public offering of 40,000,000 shares of its common stock at a public offering price of $20.50 per share by AXA S.A., as selling stockholder ("AXA"). The Company will not receive any proceeds from the sale of shares by AXA. The secondary public offering is expected to close on March 25, 2019.

In connection with the secondary public offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of common stock.

In connection with the secondary public offering, the Company has entered into a share repurchase agreement with AXA pursuant to which the Company will acquire from AXA, subject to specified terms and conditions, 30,000,000 shares of the Company's common stock. The purchase price per share of common stock to be paid by the Company will be equal to the per share purchase price paid by the underwriters in the secondary offering, corresponding to an aggregate purchase price of approximately $0.6 billion.

J.P. Morgan, Morgan Stanley and Citigroup are acting as join lead book-running managers and underwriters for the offering. Barclays, BNP PARIBAS, Credit Agricole CIB, Deutsche Bank Securities, Goldman Sachs & Co. LLC, HSBC, Natixis, SOCIETE GENERALE, Credit Suisse, ING and UniCredit Capital Markets acted as joint book-running managers and underwriters for the offering.



A registration statement relating to the proposed offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. Copies of the prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 866-803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 800-831-9146.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.


ABOUT AXA EQUITABLE HOLDINGS

AXA Equitable Holdings, Inc. (NYSE: EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of approximately 12,500 employees and financial professionals, 5.3 million customer relationships and $619 billion of assets under management (as of 12/31/2018).


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