General Announcement::GL Globe Life Inc-Term Loan Agreement

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 15-Apr-2020 07:43:45
Status: New
Announcement Sub Title: GL Globe Life Inc-Term Loan Agreement
Announcement Reference: SG200415OTHRZ12H
Submitted By (Co./ Ind. Name): Carol A. McCoy
Designation: Associate Counsel and Assistant Secretary
Effective Date and Time of the event: 09/04/2020 17:00:00
Description (Please provide a detailed description of the event in the box below): GL-Globe Life Inc. (formally Torchmark Corp) 8-K as filed with the U.S. Securities and Exchange Commission on April 14,2020. Globe Life Inc (the"Company") entered into a 364-Day Term Loan Agreement dated as of April 9,2020 (the "effective date") 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 "Term Loan Agreement"). The Term Loan Agreement provides that the Lenders will make the Company up to an aggregate of $300,000,000 in unsecured term loans during the period starting April 9,2020 and ending July 8, 2020 (the "Availability Period") unless terminated earlier pursuant to the terms of the Term Loan Agreement. The Company can borrow money under the Term Loan Agreement up to four times during the Availability Period. All loans made under the Term Loan Agreement mature on April 8, 2021.

Total size =1932K