RGA sets up $1B contingent liquidity facility via trust, 6.722% Senior Notes due 2055

REINSURANCE GROUP OF AMERICA INC

1M Pre-Capitalized Trust Securities issued for $1B by Omnis Funding Trust on June 4, 2025.
Trust invested proceeds in U.S. Treasury strips; Company gets right to issue up to $1B of 6.722% Senior Notes due 2055.
Semi-annual facility fee of 1.789% on unexercised portion; automatic exercise triggers include payment defaults and bankruptcy.
Required exercise triggers include consolidated net worth (GAAP excl. AOCI) falling below $2B.
Company can redeem Senior Notes at any time; redemption proceeds used to redeem P-Caps.

item 2.03

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