NEW
YORK, Sept. 11, 2023 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today
announced the results of the previously announced cash tender offer
(the "Offer") by BNY Mellon Capital Markets, LLC ("BNYMCM"), an
indirect wholly owned subsidiary of BNY Mellon, which commenced on
September 5, 2023, to purchase any
and all of the securities of BNY Mellon listed in the table below
(the "Securities"). The Offer expired on September 11, 2023, at 5:00 p.m., New York
City time (the "Expiration Date"). The Offer was made solely
pursuant to the Offer to Purchase (the "Offer to Purchase") and the
related Notice of Guaranteed Delivery (the "Notice of Guaranteed
Delivery"), each dated September 5,
2023.
BNY Mellon has been advised by D.F. King & Co., Inc., the
tender and information agent for the Offer, that the principal
amount for each series of Securities, as set forth in the table
below, has been validly tendered and not validly withdrawn prior to
the Expiration Date and that the additional principal amount for
each series of Securities, as set forth in the table below, remains
subject to guaranteed delivery procedures. BNYMCM expects to accept
for purchase all Securities validly tendered and not validly
withdrawn in the Offer as well as any additional Securities
delivered in accordance with the guaranteed delivery procedures on
September 14, 2023 (the "Settlement
Date") and expects to pay the Total Consideration, as set forth in
the table below, for each series of Securities on the Settlement
Date in accordance with the terms of the Offer.
Title of
Securities
|
CUSIP
Number
|
ISIN
|
Principal
Amount
Outstanding
|
Principal
Amounted
Tendered at
Expiration
Date
|
Principal
Amount
Subject to
Guaranteed
Delivery
Procedures
|
Total
Consideration(1)
|
0.350% Senior
Medium-Term
Notes, Series J
due 2023
|
06406RAP2
|
US06406RAP29
|
$750,000,000.00
|
$157,779,000.00
|
$6,000.00
|
$987.95
|
3.350% Senior
Medium-Term
Notes, Series J
due 2025
|
06406RBC0
|
US06406RBC07
|
$950,000,000.00
|
$490,514,000.00
|
$1,121,000.00
|
$969.64
|
3.430%
Fixed/Floating
Rate Callable
Senior Medium-
Term Notes,
Series J due 2025
|
06406RBF3
|
US06406RBF38
|
$700,000,000.00
|
$337,312,000.00
|
$0.00
|
$983.96
|
(1) Per $1,000
principal amount of Securities validly tendered and accepted for
purchase.
|
D.F. King & Co., Inc. is serving as the tender agent and
information agent. Requests for documents may be directed to D.F.
King & Co., Inc. by telephone at +1 (212) 269-5550 (banks and
brokers) or Toll-Free at +1 (800) 814-2879 or email at
bnymellon@dfking.com.
Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
served as Joint Dealer Managers for the Offer. Questions regarding
the Offer may also be directed to the Joint Dealer Managers as set
forth below:
Citigroup Global
Markets Inc.
388 Greenwich Street,
Trading 4th Floor
New York, New York
10013
Attn: Liability
Management Group
Collect: +1 (212)
723-6106
Toll-Free: +1 (800)
558-3745
Email:
ny.liabilitymanagement@citi.com
|
Goldman Sachs & Co.
LLC
200 West
Street
New York, New York
10282
Attn: Liability
Management Group
Collect: +1 (212)
357-1452
Toll Free: +1 (800)
828-3182
|
This press release is for informational purposes only and does
not constitute an offer to purchase nor the solicitation of an
offer to sell any Securities. The Offer was made only pursuant to
the Offer to Purchase and related Notice of Guaranteed Delivery and
was not made to holders of Securities in any jurisdiction in which
the making or acceptance thereof would not be in compliance with
the securities, blue sky or other laws of such jurisdiction. In any
jurisdiction where the laws require a tender offer to be made by a
licensed broker or dealer, the tender offers were made by the Joint
Dealer Managers on behalf of BNYMCM. None of BNY Mellon,
BNYMCM, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC,
D.F. King & Co., Inc., or the trustee or security registrar
with respect to the Securities, nor any affiliate of any of the
foregoing, has made any recommendation as to whether holders should
tender or refrain from tendering all or any portion of their
Securities in response to the Offer.
ABOUT BNY MELLON
Established in 1784, BNY Mellon is America's oldest bank and the
first company listed on the New York Stock Exchange (NYSE: BK).
Today, BNY Mellon powers capital markets around the world through
comprehensive solutions that help clients manage and service their
financial assets throughout the investment life cycle. BNY Mellon
had $46.9 trillion in assets under custody and/or
administration and $1.9 trillion in assets under
management as of June 30, 2023. BNY Mellon has been named
among Fortune's World's Most Admired Companies and Fast Company's
Best Workplaces for Innovators. BNY Mellon is the corporate brand
of The Bank of New York Mellon Corporation. Additional information
is available on www.bnymellon.com. Follow us on LinkedIn or
visit our Newsroom for the latest company news.
Contacts:
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com
Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com
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SOURCE BNY Mellon