Summary
MetLife, Inc. filed an 8-K report on December 16, 2002, detailing significant financing activities. On December 3, 2002, the company entered into underwriting and pricing agreements for the issuance of $1 billion in senior notes. This issuance comprises $400 million of 5.375% senior notes due in 2012 and $600 million of 6.50% senior notes due in 2032. These notes were sold under a previously established shelf registration statement and a prospectus supplement dated December 3, 2002. The company also executed supplemental indentures with Bank One Trust Company, N.A. as Trustee, to govern these new debt issuances. This debt offering is a material event, indicating MetLife's strategy to raise capital through the public debt markets to support its operations and growth.
Key Highlights
- 1MetLife, Inc. issued $1 billion in senior notes on December 3, 2002.
- 2The issuance includes $400 million of 5.375% senior notes maturing in December 2012.
- 3The issuance also includes $600 million of 6.50% senior notes maturing in December 2032.
- 4The debt was issued under MetLife's existing shelf registration statement filed on May 30, 2001.
- 5Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia Securities, Inc. acted as underwriters and representatives for the offering.
- 6Supplemental indentures were executed with Bank One Trust Company, N.A. as Trustee for both the 2012 and 2032 Senior Notes.
- 7The filing includes the Underwriting Agreement, Pricing Agreements, and Supplemental Indentures as exhibits.