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Prospect News home > News index > List of issuers M > Headlines for MetLife Inc. > News item
Published on 5/27/2015 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

MetLife plans to repurchase 6.5% preferreds using new issue proceeds

By Susanna Moon

Chicago, May 27 – MetLife, Inc. plans to repurchase some or all of its 6.5% non-cumulative preferred stock, series B, using proceeds of a new issue of preferred stock, according to a 424B5 filing with the Securities and Exchange Commission.

The company plans to offer shares of its fixed-to-floating rate non-cumulative preferred stock, series C, with a $1,000 liquidation preference per share.

The insurance and employee benefits company is based in New York City.


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