Globe Life upsizes revolving credit facility to $1.0B, extends maturity to 2029

GLOBE LIFE INC.

Revolving credit facility increased from $750M to $1.0B; ability to request further increase up to $1.25B.
Maturity extended to March 29, 2029; two optional one-year extensions available.
Swing line loan sublimit raised from $35M to $50M; FHLB debt sublimit increased to $2.5B.
ESG amendment option removed; all other material terms consistent with prior agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLOBE LIFE INC. entered into Second Amended and Restated Credit Agreement with Bank of America, N.A. as Administrative Agent, Swing Line Lender, and L/C Administrator, each Lender a party thereto valued at $1,000,000,000 (effective 2024-03-29).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A. as Administrative Agent, Swing Line Lender, and L/C Administrator, each Lender a party thereto
Value: $1,000,000,000
Effective: 2024-03-29

Exact text from the filing

On March 29, 2024, Globe Life Inc. (“Globe Life”) and its subsidiary TMK Re Ltd. (“TMK”) entered into a Second Amended and Restated Credit Agreement among Bank of America, N.A. (“BofA), as Administrative Agent, Swing Line Lender, and L/C Administrator, each Lender from time to time a party thereto, Globe Life, as the Borrower, and TMK as a Loan Party

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380 material agreements filed in the last 30 days. Browse all material agreements →

GLOBE LIFE INC. filing history →

Source: SEC EDGAR

accession 0000320335-24-000016

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