METLIFE INC (MET): debt financing — MetLife issues $1B of 6.350% subordinated debentures due 2055

METLIFE INC

Issued $1.0B aggregate principal of 6.350% Fixed-to-Fixed Reset Rate Subordinated Debentures due 2055.
Debentures issued under Thirteenth Supplemental Indenture dated March 13, 2025, with Bank of New York Mellon as trustee.
Underwriters include BNP Paribas, BofA Securities, Deutsche Bank, J.P. Morgan, Morgan Stanley, and TD Securities.
Replacement Capital Covenants terminated with consent of debenture holders; prior covered debt (5.70% Senior Notes due 2035) replaced.
Debentures are subordinated and rank junior to MetLife's senior debt; proceeds for general corporate purposes.

Key facts

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 $1,000,000,000 with The Bank of New York Mellon Trust Company, N.A. at 6.350% maturing due 2055.

Instrument: senior notes
Principal: $1,000,000,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 6.350%
Maturity: due 2055
Event: incurrence

Exact text from the filing

On March 13, 2025, MetLife, Inc. (the “Company”) issued $1,000,000,000 aggregate principal amount of its 6.350% Fixed-to-Fixed Reset Rate Subordinated Debentures due 2055

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Source: SEC EDGAR

accession 0001193125-25-053957

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