Item 1.01 Entry into a Material Definitive Agreement
OnAugust 24, 2020 ,Globe Life Inc. ("Globe Life") and its subsidiaryTMK Re Ltd. ("TMK") entered into the Credit Agreement dated as ofAugust 24, 2020 , amongBank of America, N.A . ("BofA ), as Administrative Agent, SwingLine Lender , and L/C Administrator, each Lender from time to time a party thereto,Globe Life , as the Borrower, and TMK as aLoan Party (the "Credit Agreement"). The Credit Agreement provides for a$750 million revolving credit facility, which may be increased to$1.0 billion . The credit facility maturesAugust 24, 2023 , provided that the credit facility may be extended for up to two one-year periods uponGlobe Life's request. Pursuant to this credit facility, the participating lenders have agreed to make revolving loans toGlobe Life and to issue, up to a$250 million sublimit, either secured or unsecured letters of credit for eitherGlobe Life or TMK, in the form of several letters of credit or fronted letters of credit. Under the facility,BofA , in its capacity as SwingLine Lender has also agreed to make same day advances toGlobe Life in the form of swing line loans up to a$35 million sublimit. The foregoing description of the Credit Agreement is qualified in its entirety by reference to the 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 Credit Agreement and their affiliates. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Credit Agreement dated as ofAugust 24, 2020
among
the Lenders party thereto,Globe Life Inc. and
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