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Brighthouse Financial announces secondary stock offering

Brighthouse Financial Inc. announced a secondary offering of 23,155,117 shares of stock held by MetLife Inc. in a debt-for-equity exchange.

Prior to the closing of the offering, MetLife plans to exchange its shares of Brighthouse stock for MetLife debt owned by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

Goldman Sachs & Co., J.P. Morgan, Morgan Stanley and Wells Fargo Securities are underwriters for the offering.