|
MetLife, 5.875% Senior Notes due 11/21/2033
Ticker Symbol: MLG* CUSIP: 59156R405 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/05/2014
Security has been Called for: Monday, May 5, 2014
April 4, 2014 -- MetLife, Inc. (NYSE: MET) announced today that it will redeem all of its outstanding 5.875% Senior Notes due Nov. 21, 2033 (CUSIP No. 59156R405) (NYSE: MLG) (the Notes) on May 5, 2014 (the Redemption Date). 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, 2014, to, but excluding, the Redemption Date, will be payable by MetLife, Inc. to the holders on the Redemption Date. As of April 4, 2014, $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.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: MetLife Inc., 5.875% Senior Notes due 11/21/2033, issued in $25 denominations, redeemable at the issuer's option on or after 11/21/2008 at $25 per share plus accrued and unpaid interest, maturing 11/21/2033, distributions of 5.875% ($1.46875) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on 3/15, 6/15, 9/15 & 12/15 respectively. Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (MET)
IPO - 11/20/2003 - 8.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $200.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 200 Park Avenue, New York, NY 10166 |
Main Phone Number |
212-578-2211 |
Fax Number |
212-578-3320 |
Investor Relations
John McCallion
|
212-578-7888
|
Toll Free Phone Number |
800-638-5433 |
CEO - C. Robert Henrikson |
CFO - William J. Wheeler |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|