A.M. Best Assigns Issue Credit Rating to MetLife, Inc.’s New Preferred Shares
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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US:NYSE Investor Relations:
investor.metlife.com
Company Research
Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the $500 million 5.875% fixed-to-floating rate non-cumulative preferred stock, Series D recently issued by MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook assigned to the Credit Rating (rating) is stable. Proceeds from the sale of the preferred shares will be utilized primarily for general corporate purposes, including to fund the repurchase of existing debt. The Series D fixed-to-floating-rate securities are perpetual, but the dividends are not cumulative or mandatory. The shares also are redeemable: in whole at a redemption price of $1020 plus accrued and unpaid dividends prior to March 18, 2028, in the case of a rating agency event; or in whole prior to March 15, 2028, in the case of a regulatory capital event; or in whole or in part on or after March 18, 2028, in each c
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News
- MetLife (MET) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- MetLife Increases Common Stock Dividend by 4.8% [Yahoo! Finance]Yahoo! Finance
- MetLife Increases Common Stock Dividend by 4.8%Business Wire
- MetLife Investment Management combines fixed income, private capital offerings [Seeking Alpha]Seeking Alpha
- MetLife Investment Management Combines Fixed Income, Private Capital Offerings, Names Driscoll to Lead Unified Structure [Yahoo! Finance]Yahoo! Finance
MET
Earnings
- 1/31/24 - Miss
MET
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MET's page on the SEC website