8-KOther EventsExhibits & Filings

METLIFE INC 8-K Report, Corporate Update (Jan 14, 2009)

Filed January 14, 2009For Securities:METMET-PEMET-PFMET-PA

Summary

MetLife, Inc. has filed an 8-K report detailing a remarketing agreement for its 4.91% Junior Subordinated Debt Securities, Series B. This action is part of a pre-planned dissolution and distribution process for MetLife Capital Trust III, which originally held these securities as part of a Common Equity Unit offering in June 2005. The remarketing is scheduled for February 11, 2009, and the remarketing agents are tasked with obtaining proceeds equal to at least 100% of the principal amount plus accrued interest. This filing provides investors with an update on a specific debt instrument within MetLife's capital structure. The remarketing is a procedural step following the dissolution of a trust and distribution of its assets. Investors should note that this event is a contractual obligation tied to a prior offering structure and is not indicative of immediate financial distress or new strategic initiatives. The success of the remarketing at par value will be a key indicator for the marketability of these specific subordinated securities.

Key Highlights

  • 1MetLife entered into a remarketing agreement for its 4.91% Junior Subordinated Debt Securities, Series B.
  • 2The remarketing is scheduled to occur on February 11, 2009.
  • 3This action is a result of the planned dissolution of MetLife Capital Trust III.
  • 4The Series B Debt Securities were originally part of a Common Equity Unit offering in June 2005.
  • 5Remarketing agents are obligated to use commercially reasonable efforts to achieve proceeds of at least 100% of the principal amount plus accrued interest.
  • 6Citigroup Global Markets, Inc. is named as the primary Remarketing Agent.
  • 7The event is a procedural update related to existing debt securities and trust structures.

Frequently Asked Questions

This 8-K filing announces MetLife, Inc.'s entry into a remarketing agreement for its 4.91% Junior Subordinated Debt Securities, Series B. It provides an update on the process for remarketing these securities following the dissolution of MetLife Capital Trust III.

The remarketing is scheduled to occur on February 11, 2009.

The remarketing agents are obligated to use commercially reasonable efforts to obtain proceeds, net of fees, equal to at least 100% of the aggregate principal amount of the Remarketed Securities plus any accrued and unpaid interest up to the Remarketing Settlement Date.

No, these securities were originally issued in June 2005 as part of a Common Equity Unit offering. This remarketing is a pre-planned procedural step related to the dissolution of a trust that held these securities.