BHF - Brighthouse boosts tender cap for notes tender offer to ~$550M

Brighthouse Financial (BHF) increases the amount of notes it intends to purchase under its previously announced notes tender offers by ~$50M to ~$550M of notes.Intends to purchase up to $199.7M of its 3.700% senior notes due 2027 vs. $175M previously and $350M of 4.700% senior notes due 2047 vs. $325M previously.The aggregate principal amounts of the 2027 and 2047 notes tendered have already exceeded the tender caps at the early tender deadline on Nov. 24.~$456M of 2027 notes have been tendered, resulting in an approximate proration factor of 44.0%.~603M of 2047 notes  have been tendered, resulting in an approximate proration factor of 58.1%.BHF's net debt issued/repaid over the past seven years:

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Brighthouse boosts tender cap for notes tender offer to ~$550M