Summary
MetLife Inc. (MET) filed an 8-K on December 14, 2006, to announce the commencement of an offering for its Junior Subordinated Debentures due 2066. This offering is being conducted under a Registration Statement on Form S-3 and its terms, aside from pricing, are detailed in a preliminary prospectus supplement filed concurrently. While the company has initiated this offering, it cautions that there is no certainty regarding its completion or timing.
Key Highlights
- 1Commencement of an offering for Junior Subordinated Debentures due 2066.
- 2The debentures are being offered under MetLife's existing Registration Statement on Form S-3.
- 3Detailed terms of the offering (excluding pricing) are available in a preliminary prospectus supplement filed on the same date.
- 4The filing includes Exhibit 12.1, a statement regarding the computation of the ratio of earnings to fixed charges, relevant to the debenture offering.
- 5MetLife explicitly states there is no assurance of the offering's completion or timing.