NEW
YORK, Sept. 14, 2023 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today
announced the settlement 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.
BNYMCM has accepted for purchase and purchased the aggregate
principal amounts of Securities, as set forth in the table below,
and paid the Total Consideration, as set forth in the table below,
for the Securities.
Title of
Securities
|
CUSIP
Number
|
ISIN
|
Principal
Amount
Outstanding
|
Principal
Purchased
|
Total
Consideration(1)
|
0.350% Senior
Medium-Term
Notes, Series J
due 2023
|
06406RAP2
|
US06406RAP29
|
$750,000,000.00
|
$157,785,000.00
|
$987.95
|
3.350% Senior
Medium-Term
Notes, Series J
due 2025
|
06406RBC0
|
US06406RBC07
|
$950,000,000.00
|
$490,514,000.00
|
$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
|
$983.96
|
|
(1) Per $1,000
principal amount of Securities validly tendered and accepted for
purchase.
|
D.F. King & Co., Inc. served as the tender agent and
information agent. Citigroup Global Markets Inc. and Goldman Sachs
& Co. LLC served as Joint Dealer Managers for the
Offer.
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