---
schema_version: "secwatch.filing_event.v1"
accession: "0000320335-23-000022"
form_type: "8-K"
ticker: "GL"
cik: "0000320335"
company_name: "GLOBE LIFE INC."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:58:05.447211+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Globe Life enters $170M delayed draw term loan agreement with BofA-led syndicate

## Summary
- Unsecured delayed draw term loan up to $170M; minimum draw $150M, available until May 15, 2023.
- Loan matures 18 months after funding date; single draw permitted.
- Pricing grid tied to debt ratings: Term SOFR + 1.000% (A+/A1) to 1.625% (<BBB/Baa2).
- Administrative agent is Bank of America; co-syndication agents: U.S. Bank and Wells Fargo.

## SEC filing metadata
- accession: 0000320335-23-000022
- form_type: 8-K
- ticker: GL
- cik: 0000320335
- company_name: GLOBE LIFE INC.
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320335/000032033523000022/0000320335-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320335/000032033523000022/gl-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320335-23-000022
- JSON: https://secwatch.observer/filing/0000320335-23-000022.json
- Plain text: https://secwatch.observer/filing/0000320335-23-000022.txt

## Key facts
- Material Agreements
  GLOBE LIFE INC. entered into Term Loan Agreement with Bank of America, N.A., as Administrative Agent, and each lender from time to time a party thereto valued at up to $170,000,000 (effective 2023-04-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, and each lender from time to time a party thereto
  - Value: up to $170,000,000
  - Effective: 2023-04-14
  source text: On April 14, 2023 (the “Effective Date”), Globe Life Inc. (the “Company”) entered into a Delayed Draw Term Loan Agreement among the Company, as borrower, Bank of America, N.A., as Administrative Agent, and each lender from time to time a party thereto (“Lenders”) (the “Term Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/320335/000032033523000022/0000320335-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.