Globe Life Inc.
06/29/2026 | Press release | Distributed by Public on 06/29/2026 15:28
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
Third Amended and Restated Credit Agreement
On June 26, 2026, Globe Life Inc. ("Globe Life") and its subsidiary TMK Re Ltd. ("TMK") entered into a Third Amended and Restated Credit Agreement among Globe Life, as borrower, TMK, as a loan party, Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender, and L/C Administrator, and each lender from time to time a party thereto, (the "Third Amended and Restated Credit Agreement"). The Third Amended and Restated Credit Agreement amends and restates the Second Amended and Restated Credit Agreement among Globe Life, TMK, Bank of America, N.A., as Administrative Agent, and each lender party thereto dated March 29, 2024, as amended by that First Amendment to Second Amended and Restated Credit Agreement dated June 20, 2025 (collectively, the "Original Credit Agreement").
The Third Amended and Restated Credit Agreement amends the following material terms of the Original Credit Agreement:
•Changes the Administrative Agent, Swing Line Lender, L/C Administrator and Successor Administrative Agent from Bank of America, N.A. to Wells Fargo, National Association; and
•Extends the maturity date from March 29, 2029 to June 26, 2031.
The foregoing description of the Third Amended and Restated Credit Agreement is qualified in its entirety by reference to the Third Amended and Restated Credit Agreement, which is attached to this Form 8-K as Exhibit 10.1 and which is incorporated by reference herein.
Globe Life 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 Third Amended and Restated Credit Agreement and their affiliates.
Amended and Restated Term Loan Agreement
On June 26, 2026, Globe Life entered into an Amended and Restated Term Loan Agreement among the Company, as borrower, Wells Fargo Bank, National Association, as Administrative Agent, and each lender from time to time a party thereto (the Amended and Restated Term Loan Agreement"). The Amended and Restated Term Loan Agreement amends and restates that certain Delayed Draw Term Loan Agreement dated April 14, 2023, as amended by that certain First Amendment to Delayed Draw Term Loan Agreement dated August 15, 2024 and that certain Second Amendment to Delayed Draw Term Loan Agreement dated June 20, 2025 (collectively, the "Original Term Loan Agreement").
The Amended and Restated Term Loan Agreement amends the following material terms of the Original Term Loan Agreement:
•Increases the principal amount of the loan from $250,000,000 under the Original Term Loan Agreement to $450,000,000;
•Changes the Administrative Agent from Bank of America, N.A. to Wells Fargo, National Association; and
•Extends the maturity date from August 15, 2027 to June 26, 2029.
The foregoing summary of the terms of the Amended and Restated 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 and Restated Term Loan Agreement, which is filed as Exhibit 10.2 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 and Restated Term Loan Agreement and their affiliates.
Globe Life Inc. published this content on June 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 29, 2026 at 21:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]