trending Market Intelligence /marketintelligence/en/news-insights/trending/zP4Uz1gvRKOCnfNCDDW7SA2 content esgSubNav
In This List

Brighthouse Financial closes depositary shares offering

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


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.