MetLife Announces Full Redemption of 5.375% Senior Notes Due 2024
12 Mars 2024 - 11:45AM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that it will redeem
all of its outstanding 5.375% Senior Notes due December 9, 2024
(the "Notes"), pursuant to the terms of the Notes. The full £350
million outstanding principal amount of the Notes will be redeemed
on April 11, 2024 (the “Redemption Date”).
The redemption price as determined by the calculation agent will
be equal to the price at which the yield on the outstanding
principal amount of the Notes on March 11, 2024 is equal to the
yield on the 5% U.K. government Treasury Stock due March 7, 2025
(the “Benchmark Gilt”) as of that date as determined by reference
to the middle-market price on the Benchmark Gilt at 3:00 p.m.,
London time, on that date, plus accrued and unpaid interest thereon
to, but excluding, the Redemption Date. On and after the Redemption
Date, all interest on the Notes will cease to accrue.
The Notes are held through Clearstream Banking, S.A.
(“Clearstream”) and Euroclear Bank SA/NV (“Euroclear”) and will be
redeemed in accordance with the procedures of Euroclear and
Clearstream. Payment to Euroclear and Clearstream will be made
through The Bank of New York Mellon, as the London Paying
Agent.
About MetLife MetLife, Inc. (NYSE:
MET), through its subsidiaries and affiliates (“MetLife”), is one
of the world’s leading financial services companies, providing
insurance, annuities, employee benefits and asset management to
help individual and institutional customers build a more confident
future. Founded in 1868, MetLife has operations in more than 40
markets globally and holds leading positions in the United States,
Japan, Latin America, Asia, Europe and the Middle East. For more
information, visit www.metlife.com.
Forward-Looking Statements The
forward-looking statements in this news release, using words such
as “will,” are based on assumptions and expectations that involve
risks and uncertainties, including the “Risk Factors” MetLife, Inc.
describes in its U.S. Securities and Exchange Commission filings.
MetLife’s future results could differ, and it does not undertake
any obligation to publicly correct or update any of these
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240311854295/en/
For Media: Brian Blaser 212-578-2415 bblaser@metlife.com
For Investors: John Hall 212-578-7888
John.A.Hall@metlife.com
MetLife (NYSE:MET)
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