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.

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