MetLife, Inc. announced that it will redeem all of its outstanding 5.875 percent Senior Notes due November 21, 2033 (CUSIP No. 59156R405) (the Notes) on May 5, (the Redemption Date).
In a release on April 4, the Company noted that on the Redemption Date, a redemption price of 100 percent of the principal amount of the Notes, or $25 per each $25 Note, plus accrued and unpaid interest from, and including March 31, to, but excluding, the Redemption Date, will be payable by MetLife, Inc. to the holders on the Redemption Date. As of April 4, $200 million aggregate principal amount of the Notes were outstanding.
The Notes are held only in book-entry form through The Depository Trust Company (DTC). DTC will redeem the Notes in accordance with its procedures and notify the holders. Holders of the Notes need not take any action to receive payment of the redemption price.
MetLife, Inc., through its subsidiaries and affiliates, is a global provider of insurance, annuities and employee benefit programs.
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