MetLife Expense Management Reaches File $22.4 Billion in Full Agricultural Home loan Bank loan Property Underneath Management

WHIPPANY, N.J.–(Organization WIRE)–MetLife Investment Administration (MIM), the institutional asset management small business of MetLife, Inc. (NYSE: Satisfied), introduced these days that it reached $22.4 billion¹ in total agricultural home finance loan financial loan assets underneath administration (AUM) as of December 31, 2020. The agricultural home loan team succeeded in reaching 10% calendar year-in excess of-12 months development even with a tumultuous global backdrop. This development pushed full agricultural mortgage financial loan AUM to a record degree for MIM, reinforcing its place as the most significant, non-federal government sponsored supply of agricultural home finance loan funds for the sector.²

“During these fantastic and challenging periods, I am very pleased of the way that we have supported our clients and communities as a lengthy-term associate and a steady source of money,” mentioned Robert Merck, global head of Real Estate and Agriculture at MetLife Expenditure Management. “As the sector confronted unparalleled issues, we have been reminded of the critical role that the agriculture sector plays in our day-to-working day lives here in the U.S. and in markets all in excess of the world. Our determination to supporting our clientele through these hard times has never been more vital in generating a sustainable and self-confident foreseeable future.”

In 2020, MIM presented $4.7 billion in money in the variety of world wide agricultural mortgage loans throughout more than 700 transactions. The range of transactions done in 2020 jumped by 35% as opposed to 2019.

Greg Gallaway, head of MIM’s Agricultural Finance group, mentioned: “Against the odds, MIM had a sturdy 12 months functioning with our borrowers. As the pandemic brought supplemental volatility to the agricultural marketplaces, our potent associations enabled us to continue on supporting our purchasers with capital and assisting them rise to satisfy the a lot of troubles posed by the pandemic.”

Highlights of MIM’s agricultural lending transactions for 2020 include:

Acadian Timber

• $90 million transaction consisting of 5 tranches – 4 totaling $80 million of senior secured fastened charge financing with terms ranging from 5 to 10 years, and a five-yr $10 million revolving line of credit
• Secured by more than 1 million acres of timberland throughout Maine and New Brunswick
• Collateral is made up of a various set of professional hardwood and softwood timber species with a combination of pulpwood and sawtimber versions

Bridge H-21 Chilly

• $58 million senior secured variable charge financing transaction with a 10-calendar year expression
• Cash will be utilised in the development of a point out-of-the-art chilly storage facility with around 300,000 sq. toes located in Miami-Dade County, Florida
• The facility includes 50-foot clear heights maximizing storage space as well as substantial tech systems which will present broad temperature flexibility

About MetLife Financial commitment Management

MetLife Investment decision Management, the institutional asset administration enterprise of MetLife, Inc. (NYSE: Achieved), is a world-wide general public fixed earnings, non-public capital and true estate investment decision manager giving customized expenditure alternatives to institutional traders around the globe. MetLife Expenditure Administration delivers general public and personal pension ideas, insurance policies companies, endowments, money and other institutional shoppers with a variety of bespoke financial commitment and funding answers that find to fulfill a array of long-phrase expenditure objectives and hazard-adjusted returns over time. MetLife Investment Management has in excess of 150 many years of investment expertise and, as of December 31, 2020, experienced $659.6 billion in overall belongings underneath management.³

About MetLife

MetLife, Inc. (NYSE: Fulfilled), by means of its subsidiaries and affiliate marketers (MetLife), is one of the world’s main economical expert services firms, delivering insurance, annuities, personnel gains and asset administration to enable its specific and institutional shoppers navigate their shifting entire world. Launched in 1868, MetLife has operations in additional than 40 marketplaces globally and holds main positions in the United States, Japan, Latin The united states, Asia, Europe and the Middle East. For more data, visit www.metlife.com.

Ahead-Searching Statements

The forward-wanting statements in this news release, this sort of as “commitment,” “continue,” “future,” “sustainable,” and “will,” are centered on assumptions and anticipations that entail threats and uncertainties, like the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Trade Fee filings. MetLife’s upcoming outcomes could vary, and it has no obligation to accurate or update any of these statements.

Endnotes

¹ Total agricultural home loan loan AUM represents the value of all agricultural home loan loans managed by MIM, at believed fair price, presented on the foundation of internet asset worth (web of encumbering financial debt).

² Primarily based on publicly out there details as of December 31, 2020, that incorporates publicly disclosed financial experiences from creditors, in addition to American Bankers Affiliation info

³ Full AUM is comprised of all MetLife normal account and different account property and unaffiliated/3rd celebration belongings, at believed truthful price, managed by MIM.