---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-045644"
form_type: "8-K"
ticker: "MET"
cik: "0001099219"
company_name: "METLIFE INC"
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T12:43:03.559963+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MetLife establishes $1.25B P-Caps facility with 5.740% Senior Notes due 2055

## Summary
- Trust issued 1.25M P-Caps for aggregate $1.25B; proceeds invested in U.S. Treasury strips.
- MetLife has 30-year right to issue 5.740% Senior Notes due 2055 to Trust in exchange for Eligible Assets.
- Semi-annual facility fee of 1.2373% p.a. on unexercised portion of Issuance Right.
- Issuance Right triggers: consolidated net worth (excl. AOCI) below $10B or bankruptcy events.
- Senior Notes redeemable at MetLife's option; Trust will redeem P-Caps upon redemption or maturity.

## SEC filing metadata
- accession: 0001193125-25-045644
- form_type: 8-K
- ticker: MET
- cik: 0001099219
- company_name: METLIFE INC
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099219/000119312525045644/0001193125-25-045644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099219/000119312525045644/d936619d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-045644
- JSON: https://secwatch.observer/filing/0001193125-25-045644.json
- Plain text: https://secwatch.observer/filing/0001193125-25-045644.txt

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