REINSURANCE GROUP OF AMERICA INC (RGA): debt financing — 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.

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

REINSURANCE GROUP OF AMERICA INC incurred senior notes of up to $1 billion with Omnis Funding Trust at 6.722% maturing due 2055.

Instrument: senior notes
Principal: up to $1 billion
Counterparty: Omnis Funding Trust
Rate: 6.722%
Maturity: due 2055
Event: incurrence

Exact text from the filing

On June 4, 2025 (the “Closing Date”), pursuant to the Purchase Agreement among Reinsurance Group of America, Incorporated (the “Company”), Omnis Funding Trust, a Delaware statutory trust (the “Trust”), and TD Securities (USA) LLC, BofA Securities, Inc., J.P.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

REINSURANCE GROUP OF AMERICA INC incurred debt of $1 billion with Omnis Funding Trust maturing May 15, 2055.

Principal: $1 billion
Counterparty: Omnis Funding Trust
Maturity: May 15, 2055
Event: incurrence

Exact text from the filing

On June 4, 2025 (the “Closing Date”), pursuant to the Purchase Agreement among Reinsurance Group of America, Incorporated (the “Company”), Omnis Funding Trust, a Delaware statutory trust (the “Trust”), and TD Securities (USA) LLC, BofA Securities, Inc., J.P.

View on SEC.gov

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REINSURANCE GROUP OF AMERICA INC filing history →

Source: SEC EDGAR

accession 0001193125-25-134988

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