CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse Financial, Inc. (Nasdaq: BHF) announced today the closing of its previously announced secondary public offering of 23,155,117 shares of its common stock (the “Common Stock”) at a price to the public of $44.50 per share. MetLife, Inc., Brighthouse Financial’s former parent company (“MetLife”), had previously exchanged the Common Stock sold in the offering for indebtedness of MetLife then owned by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC (collectively, the “Selling Stockholders”). Brighthouse Financial did not receive any of the proceeds from the sale by the Selling Stockholders.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as the underwriters for the offering.
The offering of the Common Stock was registered pursuant to Brighthouse Financial’s registration statement on Form S-1 (File No. 333-225573), which the U.S. Securities and Exchange Commission declared effective on June 14, 2018. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the Common Stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Brighthouse Financial, Inc.
Brighthouse Financial, Inc. (Nasdaq: BHF) is a major provider of annuities and life insurance in the U.S. Established by MetLife, we are on a mission to help people achieve financial security. We specialize in products that play an essential role in helping people protect what they’ve earned and ensure it lasts.