debt
confidence high
sentiment neutral
materiality 0.30
MetLife amends and restates $4B revolving credit facility, extends maturity to November 7, 2031
METROPOLITAN LIFE INSURANCE CO
- Borrowers MetLife, Inc. and MetLife Funding, Inc. amended and restated their credit agreement dated May 8, 2023, effective November 9, 2026.
- Committed capacity of $4,000,000,000, with an accordion allowing an increase to a maximum of $5,500,000,000 absent a continuing Event of Default.
- All borrowings must be repaid by November 7, 2031; letters of credit outstanding on that date may remain outstanding until no later than November 7, 2032.
- Bank of America, N.A. is Administrative Agent and L/C Agent; Wells Fargo and JPMorgan Chase are Co-Syndication Agents. Proceeds are for general corporate purposes.