Globe Life Inc. has announced a significant financial arrangement as part of its strategic corporate financing initiatives. On July 1, 2025, the company finalized an agreement involving the issuance and sale of Pre-Capitalized Trust Securities (P-Caps) totaling $500 million, scheduled for redemption on May 15, 2055. This transaction, executed through a private placement under Rule 144A of the Securities Act of 1933, involves key financial entities including Henneman Trust, BofA Securities, Inc., and Truist Securities, Inc. The proceeds from this sale are invested in U.S. Treasury securities, providing Globe Life Inc. with contingent liquidity for general corporate purposes. Additionally, Globe Life Inc. has entered into a Facility Agreement with the Trust and Regions Bank, allowing the company to issue Senior Notes with a 6.580% interest rate, due in 2055, up to the value of the P-Caps. This agreement also includes a semi-annual facility premium payment, enhancing Globe Life's financial flexibility for future operations.
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