Equitable Holdings (EQH) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Equitable Holdings, Inc. entered into a Reimbursement Agreement with Subsidiary Account Parties and MUFG Bank, Ltd., establishing a letter of credit facility worth $200 million to support its life insurance business, particularly the portion reinsured to EQ AZ Life Re in April 2018. This summary is based on a more detailed document that will be included in the Company’s Annual Report.
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