← GLOBE LIFE INC.

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Signed Jun 26, 2026

Committed
$1bn
Matures
Jun 2031
TrancheSizeMaturesMargin
Revolving credit facility$1bnJun 203181–135 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level 1≥ A+/A181 bps7 bps
Level 2A/A292 bps8 bps
Level 3A-/A3103 bps10 bps
Level 4BBB+/Baa1113 bps13 bps
Level 5< BBB/Baa2135 bps15 bps

§1.01

Lenders: WELLS FARGO SECURITIES, LLC, BOFA SECURITIES, INC., REGIONS CAPITAL MARKETS, A DIVISION OF REGIONS BANK, TRUIST SECURITIES, INC.

Tested otherHeadroom not yet measured$5.06bn
The Borrower will maintain at all times Consolidated Net Worth equal to not less than the sum of (i) $5,060,500,000 , plus (ii) 50% of the Net Proceeds received by the Borrower and its Subsidiaries from the issuance and sale of Equity Interests of the Borrower or any Subsidiary (other than the issuance to the Borrower or a Wholly-Owned Subsidiary), including any conversion of debt securities of the Borrower or any Subsidiary into Equity Interests after March 31, 2026, other than issuances of securities pursuant to any employee equity compensation plan or agreement or other employee equity compensation arrangement, any employee benefit plan or agreement or other employee benefit arrangement or any nonemployee director equity compensation plan or agreement or other non-employee director equity compensation arrangement or pursuant to the exercise or vesting of any employee or director stock options, restricted stock or restricted stock units, warrants or other equity awards.
Read the filing on sec.gov ↗
Tested otherHeadroom not yet measured0.40x
Borrower will maintain at all times a ratio of Consolidated Indebtedness to Consolidated Capitalization of not greater than 0.40 to 1.0.
Read the filing on sec.gov ↗

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