The proceeds from the sale of P-Caps have been invested in U.S. Treasury securities. In conjunction with this, MetLife has entered into a facility agreement with the Trust and The Bank of New York Mellon (NYSE: BK ) Trust Company, N.A., which allows MetLife the right to issue its 5.740% Senior Notes due 2055 to the Trust at its discretion. With a healthy current ratio of 1.54, MetLife maintains strong liquidity to support its financial obligations.