As of the expiration time of
MassMutual expects to accept for exchange on the Settlement Date (as defined below) all of the Tendered Surplus Notes that were validly tendered and not validly withdrawn in the Exchange Offers as described above (including Tendered Surplus Notes expected to be tendered pursuant to the guaranteed delivery procedures set forth in the Offering Memorandum).
The settlement date will be promptly following the Expiration Time and is expected to be
Based on the aggregate principal amount of Tendered Surplus Notes validly tendered and not validly withdrawn in the Exchange Offers, and the applicable Exchange Consideration for each series of Tendered Surplus Notes, MassMutual expects to issue up to
The Exchange Offers were made solely to Eligible Holders upon the terms and subject to the conditions set forth in the confidential offering memorandum (as it may be amended or supplemented from time to time, the "Offering Memorandum"), and the related notice of guaranteed delivery (as it may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery", and collectively with the Offering Memorandum, the "Exchange Offer Materials"), each dated
The Exchange Offers were made, and the New Surplus Notes will be offered and issued, only (i) in
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Exchange Offers were made and the New Surplus Notes were offered only to Eligible Holders. The New Surplus Notes have not been registered under the Securities Act or under any state or foreign securities laws, and may not be offered or sold in
This press release may contain "forward-looking statements." Forward-looking statements are those not based on historical information, but rather, relate to future operations, strategies, financial results or other developments, and contain terms such as "may," "expects," "should," "believes," "anticipates," "intends," "estimates," "projects," "goals," "objectives" or similar expressions. Forward-looking statements are based upon estimates and assumptions. These statements may change due to business uncertainties, economic uncertainties, competitive uncertainties, and other factors, many of which are beyond MassMutual's control. Additionally, MassMutual's business decisions are also subject to change. MassMutual does not publicly update or revise any forward-looking statements as a result of new information, future developments or otherwise except as may be required by law. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties and actual results may differ materially from those in the forward-looking statements as a result of various factors.
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.MassMutual.com.
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