CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse 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”).
The 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”).
Because the aggregate purchase price of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on November 23, 2021 (the “Early Tender Deadline”) exceeds the Tender Cap, the Company will accept for purchase Notes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.
The “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...
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