Brighthouse Financial Announces Pricing Terms of Cash Tender Offer for 3.700% and 4.700% Senior Notes

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[{"type":"text","content":" CHARLOTTE, N.C.--(BUSINESS WIRE)--\nBrighthouse Financial, Inc. (the “Company”) (Nasdaq: BHF) announced today the pricing terms 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the “Tender Offer Documents”).\n\nBecause the aggregate purchase price of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on November 23, 2021 (the “Early Tender Deadline”) exceeds the Tender Cap, the Company will accept for purchase Notes subject to acceptance priority levels and proration illustrated below and as described in the Offer to Purchase, so as not to exceed the Tender Cap.\n\nThe “Total Consideration” per $1,000 principal amount of Notes of each series validly tendered and accepted for purchase pursuant to the Offer was determined by reference to the fixed spread specified for the applicable series of Notes plus the yield based on the bid side price of the applicable U.S. Treasury Security specified in the table below for each series of Notes, as described in the Offer to Purchase, as calculated by BofA Securities, Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC at 10:00 a.m., New York City time, today, November 24, 2021. In addition to the Total Consideration, all Holders of Notes accepted for purchase will also receive accrued and unpaid interest rounded to the nearest cent from the last applicable interest payment date up to, but not including, November 26, 2021 (with respect to each series of Notes, the “Accrued Interest”).\n\nThe following table sets forth the pricing terms for the Offer:\n\n\n\nTitle of\nSecurity\n\n\n\nCUSIP\nNumber\n\n\n\nAcceptance\nPriority Level\n\n\n\nPrincipal\nAmount\nExpected to\nbe Accepted\n\n\n\nReference\nU.S.\nTreasury\nSecu...

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