Brighthouse Financial enters new $1.0B revolving credit facility due April 2027

Brighthouse Financial, Inc.

New $1.0B senior unsecured revolver replaces 2019 credit agreement, matures April 15, 2027.
Facility can be increased up to $1.5B with lender consent; maintains same borrowing capacity.
Interest at Base Rate plus 0.125%-0.875% or Term SOFR plus 1.125%-1.875%, based on credit ratings.
Financial covenants: minimum adjusted net worth of $7.5B + 50% equity issuances; debt-to-capital ≤0.35x.
Former $1.0B facility (May 2019) was terminated without penalty upon closing of new agreement.

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