MetLife amends credit agreement for up to $4B

Borrowings must be repaid by November 7, 2031, while letters of credit outstanding then may remain until November 7, 2032.

Available on EDGAR 11/10/2026 - 06:06 AM EST Accepted by SEC EDGAR 11/09/2026 - 07:16 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

MetLife, Inc. and its wholly owned subsidiary MetLife Funding, Inc. amended and restated their credit agreement, which will provide for up to $4 billion of lender commitments for borrowings or letters of credit. The amount available may increase to a maximum of $5.5 billion, provided no Event of Default has occurred and is continuing. The facilities may be used for general corporate purposes.

Borrowings must be repaid by November 7, 2031; letters of credit outstanding on that date may remain outstanding until no later than November 7, 2032. The agreement includes representations, warranties and covenants customary for facilities of this type, and amounts due may be accelerated upon an Event of Default if not waived or cured.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Committed lender capacity: $4 billion Maximum available capacity: $5.5 billion Borrowing repayment deadline: November 7, 2031 +1 more

4 metrics

Committed lender capacity $4 billion Aggregate commitments for borrowings or letters of credit

Maximum available capacity $5.5 billion May be reached provided no Event of Default has occurred and is continuing

Borrowing repayment deadline November 7, 2031 Borrowings under the agreement must be repaid by this date

Letter of credit final date November 7, 2032 Letters of credit outstanding on the borrowing repayment date may remain outstanding until no later than this date

Key Terms

letters of credit, Event of Default, Administrative Agent

3 terms

letters of credit financial

"borrowings or the issuance of letters of credit"

A letter of credit is a promise from a bank to pay a seller if the buyer fails to do so, commonly used in trade and large contracts to ensure payment. Think of it as a bank standing in for the buyer, like a certified check or payment insurance that reduces the risk of nonpayment. For investors, letters of credit matter because they affect a company’s cash flow, borrowing needs and contingent liabilities, and signal how much credit support a business requires to secure deals.

Event of Default financial

"provided that no Event of Default has occurred and is continuing"

An event of default is a specific breach of a loan or bond agreement—such as missed payments or breaking agreed rules—that gives lenders the legal right to act, for example by demanding immediate repayment, seizing collateral, or accelerating other obligations. For investors, it’s a red flag because it can sharply reduce a company’s ability to operate or raise money, like a car lender repossessing a vehicle after missed payments, and often leads to falling share or bond prices.

Administrative Agent financial

"Bank of America, N.A., as Administrative Agent"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is MET's amended credit agreement?

The agreement provides for up to $4 billion in aggregate lender commitments for borrowings or letters of credit. The amount available may increase to a maximum of $5.5 billion if no Event of Default has occurred and is continuing.

When must MET repay borrowings under the amended credit agreement?

Borrowings must be repaid by November 7, 2031. Letters of credit outstanding on that date may remain outstanding until no later than November 7, 2032.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 9, 2026

METLIFE, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-15787		13-4075851
(Commission File Number)		(IRS Employer Identification No.)

200 Park Avenue, New York, NY		10166-0188
(Address of Principal Executive Offices)		(Zip Code)

(212) 578-9500

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01		MET		New York Stock Exchange
Floating Rate Non-Cumulative Preferred Stock, Series A, par value $0.01		MET PRA		New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series E		MET PRE		New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series F		MET PRF		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On November 9, 2026, MetLife, Inc., a Delaware corporation (the “Company”), and MetLife Funding, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (together with the Company, the “Borrowers”), amended and restated in its entirety their Amended and Restated Credit Agreement, dated as of May 8, 2023 (as amended and restated, the “Amended and Restated Credit Agreement”), among the Borrowers, Bank of America, N.A., as Administrative Agent and Several L/C Agent, Wells Fargo Bank, National Association, and JPMorgan Chase Bank, N.A., as Co-Syndication Agents, the other lenders party thereto and the other parties thereto. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Amended and Restated Credit Agreement.

The Amended and Restated Credit Agreement will provide for borrowings or the issuance of letters of credit up to an aggregate of $4,000,000,000 committed by the lenders party thereto. The amount available under the Amended and Restated Credit Agreement may be increased to a maximum amount of $5,500,000,000, provided that no Event of Default has occurred and is continuing. Facilities to be made available by the Amended and Restated Credit Agreement may be used for general corporate purposes. All borrowings under the Amended and Restated Credit Agreement must be repaid by November 7, 2031, except that letters of credit outstanding on that date may remain outstanding until no later than November 7, 2032.

The Amended and Restated Credit Agreement contains representations and warranties and covenants that are customary for facilities of this type. Amounts due under the Amended and Restated Credit Agreement may be accelerated upon an Event of Default if not otherwise waived or cured.

The lenders and the agents (and their respective subsidiaries or affiliates) under the Amended and Restated Credit Agreement have in the past provided, and may in the future provide, investment banking, underwriting, lending, commercial banking, trust and other advisory services to the Company, its subsidiaries or affiliates. These parties have received, and may in the future receive, customary compensation from the Company, its subsidiaries or affiliates, for such services.

The foregoing description of the Amended and Restated Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amended and Restated Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

10.1		Amended and Restated Credit Agreement, dated as of November 9, 2026, among MetLife, Inc. and MetLife Funding, Inc., as borrowers, and the other parties signatory thereto.
101		Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

METLIFE, INC.
By:		/s/ John A. Hall
Name:		John A. Hall
Title:		Executive Vice President and Treasurer

Date: November 9, 2026

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EX-10.1 718.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 13.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 23.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 14.8 KB