Globe Life Inc.

15/08/2024 | Press release | Distributed by Public on 15/08/2024 20:39

Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement
On August 15, 2024, Globe Life Inc. (the "Company") entered into a First Amendment to Delayed Draw Term Loan Agreement among the Company, as borrower, Bank of America, N.A., as Administrative Agent, and each lender from time to time a party thereto ("Lenders") (the "First Amendment"), which amended that certain Delayed Draw Term Loan Agreement dated April 14, 2023 (the "Original Loan Agreement" and, as amended by the First Amendment, the "Amended Term Loan Agreement"). The Amended Term Loan Agreement:
•increases the principal amount of the loan from $170,000,000 under the Original Term Loan Agreement to $250,000,000;
•permits the Company to request additional loans up to an aggregate amount of $100,000,000 so long as no default or event default under the Amended Term Loan Agreement; and
•extends the maturity date under the Original Term Loan Agreement from November 10, 2024 to August 15, 2027.
The foregoing summary of the terms of the Amended Term Loan Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amended Term Loan Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
The Company and its subsidiaries from time to time have had, and may continue to have, various commercial, lending or other relationships with certain of the banks that are a party to the Amended Term Loan Agreement and their affiliates.