Brighthouse Financial Announces Early Tender Results for 3.700% and 4.700% Senior Notes

About this update from Brighthouse Financial, Inc.

[{"type":"text","content":" CHARLOTTE, N.C.--(BUSINESS WIRE)--\nBrighthouse Financial, Inc. (the “Company”) (Nasdaq: BHF) announced today the early tender results for its previously announced cash tender offer (the “Offer”) for an aggregate purchase price of up to $750 million (the “Tender Cap”) of its 3.700% Senior Notes due 2027 (the “2027 Notes”) and its 4.700% Senior Notes due 2047 (the “2047 Notes” and, together with the 2027 Notes, the “Notes” and each a “series” of Notes) from registered holders of the Notes (individually, a “Holder” or “you,” and collectively, the “Holders”).\n\nThe terms and conditions of the Offer are described in the Offer to Purchase, dated November 9, 2021 (the “Offer to Purchase”) and the related Letter of Transmittal, dated November 9, 2021 (the “Letter of Transmittal” and, together with the Offer to Purchase, the “Tender Offer Documents”).\n\nThe previously announced withdrawal deadline of 5:00 p.m., New York City time, on November 23, 2021 has passed, and, accordingly, Notes validly tendered pursuant to the Offer may no longer be withdrawn, except in the limited circumstances described in the Offer to Purchase. As of the previously announced early tender date and time of 5:00 p.m., New York City time, on November 23, 2021 (the “Early Tender Deadline”), the aggregate principal amount of each series of Notes set forth in the table below has been validly tendered and not validly withdrawn in the Offer:\n\n\n\nTitle of Security\n\n\n\nCUSIP Number\n\n\n\nPrincipal Amount Outstanding\n\n\n\nAcceptance Priority Level\n\n\n\nAggregate Principal\n\n\nAmount Tendered\n\n\n\n\n\n3.700% Senior Notes due 2027\n\n\n\n10922NAC7/\n10922NAA1/\nU6225NAA0\n\n\n\n$1,300,284,000\n\n\n\n1\n\n\n\n$542,842,000\n\n\n\n\n\n4.700% Senior Notes due 2047\n\n\n\n10922NAF0/\n10922NAD5/\nU6225NAB8\n\n\n\n$1,150,000,000\n\n\n\n2\n\n\n\n$604,395,000\n\n\n\n\nHolders of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline will be eligible to receive the relevant Total Consideration (as defined in the Offer to Purchase), which includes the applicable Early Tender Premium (as defined in the Offer to Purchase). The “Total Consideration” per $1,000 principal amount of Notes of each series validly tendered and accepted for purchase pursuant to the Offer will be determined by reference to the fixed spread specified for the a...

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