Brighthouse issues $400M 3.850% notes due 2051 and 4.625% preferred Series D; launches up to $750M tender

Brighthouse Financial, Inc.

Issued $400M aggregate 3.850% Senior Notes due Dec 22, 2051; proceeds to fund tender offer.
Issued 14M depositary shares representing 14,000 shares of 4.625% Non-Cumulative Preferred Series D.
Cash tender offer launched to purchase up to $750M of outstanding 3.700% notes due 2027 and 4.700% notes due 2047.
Net proceeds from both offerings, plus available cash, to pay for Tender Notes, accrued interest, and expenses.
Both offerings closed Nov 22, 2021; underwriting agreements and legal opinions filed.

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