Bank of America Announces Redemption of Floating Rate Senior Notes, due June 2022
June 08 2021 - 4:15PM
Business Wire
Bank of America Corporation announced today that it will redeem
on June 25, 2021 all $850,000,000 principal amount outstanding of
its Floating Rate Senior Notes, due June 2022 (CUSIP No. 06051GHJ1)
(the “Notes”).
The redemption price for the Notes will be equal to 100% of the
principal amount of the Notes, plus accrued and unpaid interest to,
but excluding, the redemption date of June 25, 2021. Interest on
the Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Notes will be made
through the facilities of The Depository Trust Company. The Bank of
New York Mellon Trust Company, N.A. is the trustee and paying agent
for the Notes.
Bank of America Bank of America is one of the world’s
leading financial institutions, serving individual consumers, small
and middle-market businesses and large corporations with a full
range of banking, investing, asset management and other financial
and risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
66 million consumer and small business clients with approximately
4,300 retail financial centers, including approximately 2,700
lending centers, 2,600 financial centers with a Consumer Investment
Financial Solutions Advisor and approximately 2,400 business
centers; approximately 17,000 ATMs; and award-winning digital
banking with approximately 40 million active users, including
approximately 31 million mobile users. Bank of America is a global
leader in wealth management, corporate and investment banking and
trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to
approximately 3 million small business households through a suite
of innovative, easy-to-use online products and services. The
company serves clients through operations across the United States,
its territories and approximately 35 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock
Exchange.
Forward-looking statements Certain information contained
in this news release may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are not guarantees of future results or
performance and involve certain risks, uncertainties and
assumptions difficult to predict or beyond our control. You should
not place undue reliance on any forward-looking statement and
should consider the uncertainties and risks discussed under Item
1A. “Risk Factors” in our Annual Report on Form 10-K for the year
ended December 31, 2020 and in any of our subsequent Securities and
Exchange Commission filings. Forward-looking statements speak only
as of the date they are made, and we undertake no obligation to
update any forward-looking statement to reflect the impact of
circumstances or events that arise after the date the
forward-looking statement was made.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email alerts.
www.bankofamerica.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210608006054/en/
Investors May Contact:
Lee McEntire, Bank of America Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income) Phone:
1.212.449.3112 jonathan.blum@bofa.com
Reporters May Contact:
Jerry Dubrowski, Bank of America Phone: 1.646.855.1195 (office)
or 1.508.843.5626 (mobile) jerome.f.dubrowski@bofa.com
Christopher P. Feeney, Bank of America Phone: 1.980.386.6794
christopher.feeney@bofa.com
Bank of America (NYSE:BAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2023 to Apr 2024