Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
METLIFE INC incurred senior notes of $1,250,000,000 with 200 Park Funding Trust and The Bank of New York Mellon Trust Company, N.A. at 5.740% maturing February 15, 2055.
- Instrument
- senior notes
- Principal
- $1,250,000,000
- Counterparty
- 200 Park Funding Trust and The Bank of New York Mellon Trust Company, N.A.
- Rate
- 5.740%
- Maturity
- February 15, 2055
- Event
- incurrence
Exact text from the filing
On March 4, 2025 (the “Closing Date”), pursuant to the Purchase Agreement among MetLife, Inc. (the “Company”), 200 Park Funding Trust, a Delaware statutory trust (the “Trust”), and TD Securities (USA) LLC, Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, as representatives of the several initial purchasers, the Trust completed the issuance and sale of 1,250,000 of its Pre-Capitalized Trust Securities redeemable February 15, 2055 (the “P-Caps”) for an aggregate purchase price of $1,250,000,000 in private placements pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), as a contingent funding arrangement that provides the Company the right at any time over a thirty-year period to issue its 5.740% Senior Notes due 2055 (the “Senior Notes”) to the Trust, at its election, as described below.
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