MetLife Inc.
MetLife Issues $1B Subordinated Debentures, Terminates Replacement Capital Covenants
Summary
On March 11, 2025, MetLife, Inc. announced the issuance of $1 billion aggregate principal amount of its 6.350% Fixed-to-Fixed Reset Rate Subordinated Debentures due 2055. The debentures, issued on March 13, 2025, replaced previous debt obligations and terminated related replacement capital covenants. The issuance was pursuant to a shelf registration statement and involved underwriting and pricing agreements with several financial institutions.
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About MetLife Inc.
MetLife Inc. is one of the largest global providers of insurance, annuities, and employee benefit programs. Established in 1868, it has built a robust network providing financial protection products to millions of clients across the globe. Primarily involved in the life insurance sector, MetLife also offers health, dental, and disability insurance products, serving individuals, businesses, and institutions. Its operation spans multiple continents including North America, Latin America, Asia, Europe, and the Middle East, making it a globally integrated enterprise. The company is known for its tailored solutions that meet diverse customer needs, including innovative retirement planning and wealth management services. MetLife’s influence in the financial market is significant, as it helps shape the insurance industry's standards and practices while maintaining a reputation for financial stability and reliability. The company's broad scope and comprehensive product offerings position it as a key player in safeguarding financial futures for clients worldwide.
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