secwatch.observer — SEC 8-K summary
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Issuer:     Brighthouse Financial, Inc. (BHF)
CIK:        0001685040
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001685040-22-000013
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1685040/000168504022000013/0001685040-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1685040/000168504022000013/bhf-20220419.htm
  HTML page:      https://secwatch.observer/filing/0001685040-22-000013

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