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Brighthouse Financial closes depositary shares offering

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Brighthouse Financial closes depositary shares offering

Brighthouse Financial Inc. has closed a public offering of 17 million depositary shares, each of which represents a 0.001 interest in a share of 6.600% noncumulative series A preferred stock, for an aggregate price of $425 million.

The depositary shares were sold at a public offering price of $25.00 per share.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities LLC and J.P. Morgan Securities LLC acted as joint book-running managers. Barclays Capital Inc. and HSBC Securities (USA) Inc. acted as co-managers.