---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139532"
form_type: "8-K"
ticker: null
cik: "0000937834"
company_name: "METROPOLITAN LIFE INSURANCE CO"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:40:20.403145+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MetLife entities amend credit facility to $3B committed, maturing in 2028

## Summary
- Amended and restated credit agreement provides $3B committed borrowing capacity, expandable to $4B if no default.
- Final maturity date for borrowings is May 8, 2028; letters of credit may extend to May 8, 2029.
- Facility supports general corporate purposes, including backstopping commercial paper and variable annuity reserve requirements.
- Lenders include Bank of America (administrative agent), JPMorgan Chase, and Wells Fargo as co-syndication agents.
- Contains customary representations, warranties, and covenants; acceleration upon uncured event of default.

## SEC filing metadata
- accession: 0001193125-23-139532
- form_type: 8-K
- cik: 0000937834
- company_name: METROPOLITAN LIFE INSURANCE CO
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/937834/000119312523139532/0001193125-23-139532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/937834/000119312523139532/d314946d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139532
- JSON: https://secwatch.observer/filing/0001193125-23-139532.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139532.txt

## Key facts
- Debt Financings
  METROPOLITAN LIFE INSURANCE CO amended credit facility of $3,000,000,000 with Bank of America, N.A., as Administrative Agent and Several L/C Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents maturing May 8, 2028.
  - Instrument: credit facility
  - Principal: $3,000,000,000
  - Counterparty: Bank of America, N.A., as Administrative Agent and Several L/C Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents
  - Maturity: May 8, 2028
  - Event: amendment
  source text: in the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement will provide for borrowings or the issuance of letters of credit up to an aggregate of $3,000,000,000 committed by the lenders party thereto. The amount available under the Amended and Restated Credit Agreement may be increased to a maximum amount of $4,000,000,000, provided that
  evidence_url: https://www.sec.gov/Archives/edgar/data/937834/000119312523139532/0001193125-23-139532-index.htm
- Material Agreements
  METROPOLITAN LIFE INSURANCE CO amended Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent and Several L/C Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, the other lenders party thereto and the other parties thereto valued at $3,000,000,000 (effective 2023-05-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent and Several L/C Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, the other lenders party thereto and the other parties thereto
  - Value: $3,000,000,000
  - Effective: 2023-05-08
  source text: On May 8, 2023, MetLife, Inc., a Delaware corporation (“MetLife”), and MetLife Funding, Inc. (together with MetLife, the “Borrowers”), a Delaware corporation and wholly-owned subsidiary of Metropolitan Life Insurance Company (the “Company”), amended and restated in its entirety their Amended and Restated Credit Agreement, dated as of February 26, 2021 (as amended and restated, the “Amended and Restated Credit Agreement”) among the Borrowers, Bank of America, N.A., as Administrative Agent and Several L/C Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, the other lenders party thereto and the other parties thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/937834/000119312523139532/0001193125-23-139532-index.htm

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