8-KOther Events

METLIFE INC 8-K Report (Dec 17, 2002)

Filed December 17, 2002For Securities:METMET-PEMET-PFMET-PA

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.

Frequently Asked Questions

The main purpose of this 8-K filing was to report on MetLife, Inc.'s entry into underwriting and pricing agreements for the issuance of $1 billion in senior notes on December 3, 2002.

MetLife issued $400 million of 5.375% senior notes due December 15, 2012, and $600 million of 6.50% senior notes due December 15, 2032. The total aggregate principal amount of the offering was $1 billion.

The senior notes were sold pursuant to MetLife's shelf registration statement filed with the SEC on May 30, 2001, and a prospectus supplement dated December 3, 2002.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia Securities, Inc. acted as the representatives of the underwriters for this senior note offering. Bank One Trust Company, N.A. served as the Trustee for the indentures governing the notes.