REINSURANCE GROUP OF AMERICA INC (RGA): debt financing — RGA issues $400M of 6.375% subordinated debentures due 2056

REINSURANCE GROUP OF AMERICA INC

Issued $400M aggregate principal of 6.375% Fixed-Rate Reset Subordinated Debentures due September 15, 2056.
Net proceeds approximately $396M after underwriting discounts; to be used for general corporate purposes, including refinancing debt.
Interest fixed at 6.375% through September 15, 2036, then resets every five years at Five-Year Treasury Rate plus 2.344%.
Debentures are unsecured, subordinated, and rank equally with RGA's existing 5.75% and 7.125% subordinated debentures.
Underwriters include BofA Securities, J.P. Morgan, U.S. Bancorp Investments, and Wells Fargo Securities.

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 $400 million with The Bank of New York Mellon Trust Company, N.A. at 6.375% per annum maturing September 15, 2056.

Instrument: senior notes
Principal: $400 million
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 6.375% per annum
Maturity: September 15, 2056
Event: incurrence

Exact text from the filing

On March 3, 2026, Reinsurance Group of America, Incorporated (the “Company”) completed the offering of $400 million aggregate principal amount of its 6.375% Fixed-Rate Reset Subordinated Debentures due 2056

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REINSURANCE GROUP OF AMERICA INC entered into Twelfth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $400 million (effective 2026-03-03).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $400 million
Effective: 2026-03-03

Exact text from the filing

The Debentures were issued pursuant to an Indenture, dated as of August 21, 2012 (the “Base Indenture”), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), as supplemented by a Twelfth Supplemental Indenture, dated as of March 3, 2026, by and between the Company and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture as so supplemented, the “Indenture”).

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Source: SEC EDGAR

accession 0001193125-26-088164

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