MetLife, Inc. filed a current report on November 10, 2026, disclosing that on November 9, 2026, it amended and restated its credit agreement, establishing a facility of up to $4,000,000,000 with an accordion option to $5,500,000,000.

Key Highlights

  • Facility size: The Amended and Restated Credit Agreement provides for borrowings or letters of credit up to an aggregate of $4,000,000,000 committed by the lenders.
  • Accordion feature: The available amount may be increased to a maximum of $5,500,000,000, provided no Event of Default has occurred and is continuing.
  • Maturity date: All 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.
  • Prior agreement replaced: The new agreement amends and restates in its entirety the Amended and Restated Credit Agreement dated May 8, 2023.
  • Key agents: Bank of America, N.A. serves as Administrative Agent and Several L/C Agent; Wells Fargo Bank, National Association, and JPMorgan Chase Bank, N.A. serve as Co-Syndication Agents.
  • Use of proceeds: According to the filing, facilities may be used for general corporate purposes.
  • Signatories: Both MetLife, Inc. and MetLife Funding, Inc., a wholly-owned subsidiary, are named as borrowers under the agreement.

MetLife and MetLife Funding Amend Credit Facility on November 9, 2026

MetLife, Inc. (NYSE:MET) disclosed under Items 1.01 and 2.03 of its current report that it and its wholly-owned subsidiary MetLife Funding, Inc. entered into the Amended and Restated Credit Agreement on November 9, 2026. The agreement replaces the prior Amended and Restated Credit Agreement dated May 8, 2023, amending and restating it in its entirety, according to the filing.

The filing states that the new facility commits lenders to support borrowings or the issuance of letters of credit up to $4,000,000,000 in aggregate. This committed amount may be expanded to a maximum of $5,500,000,000, subject to the condition that no Event of Default has occurred and is continuing at the time of such increase. The agreement specifies that amounts due may be accelerated upon an Event of Default if not otherwise waived or cured.

The filing notes that the lenders and agents, along with their respective subsidiaries or affiliates, "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." The report was signed by John A. Hall, Executive Vice President and Treasurer of MetLife, Inc. The full text of the Amended and Restated Credit Agreement is attached as Exhibit 10.1 to the filing.

What Was Disclosed

MetLife, Inc. reported the November 9, 2026 amendment and restatement of its credit agreement, establishing a $4,000,000,000 committed facility extendable to $5,500,000,000, with a repayment deadline of November 7, 2031, for general corporate purposes.