MetLife is a leader in the project finance market and manages over $3.1 billion in debt securities and structured products related to power generation, oil and gas, infrastructure development and mining. MetLife's portfolio consists of over 103 issuers located in 11 countries. Over the past five years, MetLife has invested $2.3 billion in project transactions, including a record $828 million in 2006.
Investment Parameters:
| Type: |
Traditional projects, 144a transactions (w/o registration rights), term loans, term loan B's, multiple issuers, other structured transactions |
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| Structure: |
Senior and subordinated notes; secured and unsecured |
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| Quality: |
Investment grade or below investment grade |
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| Payment: |
Amortizing or bullet maturities, fixed or floating rate coupons |
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| Size: |
Up to $200 million |
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| Term: |
2 to 30 + years, multi-tranche, various call provisions |
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| Currency: |
US$ |
Recent Transactions:
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US$90 million of Floating Rate 5-year Senior Secured Notes to a US energy trading company
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US$40 million of Floating Rate 10-year Senior Secured Notes to a renewable energy company
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US$40 million Fixed Rate 5-year Senior Secured Notes to a US coal mining company
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