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MetLife seeks changes to protect interest payments, dividends

Reuters 

By Suzanne Barlyn(Reuters) - MetLife Inc is asking some bond investors and shareholders to approve changes that are necessary for the insurer to make interest payments as usual, and continue returning capital to common shareholders, following its recent Brighthouse Financial Inc spinoff.In separate notices on Thursday, MetLife asked holders of some $3.2 billion worth of debt to approve changes to "interest payment tests" in bond indentures and called a special meeting of shareholders to approve changes to "dividend payment tests" in the company's charter.Under current terms, MetLife would be ...

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First Published: Thu, August 10 2017. 18:01 IST
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