Bank of America reveals redemption of $500 million Floating Rate Senior Notes and …
Bank of America Corporation has recently announced the redemption of its Floating Rate Senior Notes and Fixed/Floating Rate Senior Notes totaling $3,500,000,000. This redemption is set for April 2, 2025, with the redemption price for each series of notes being equal to 100% of the principal amount, along with accrued and unpaid interest up to the redemption date.
Bank of America is a globally recognized financial institution that caters to a wide range of clients, including individual consumers, small and mid-sized businesses, and large corporations. They offer a comprehensive suite of banking, investing, asset management, and financial services that cater to the needs of their diverse clientele. With approximately 69 million consumer and small business clients in the United States, Bank of America operates through 3,700 retail financial centers, 15,000 ATMs, and innovative digital banking solutions with around 58 million verified digital users.
In addition to its domestic operations, Bank of America is also a key player in wealth management, corporate and investment banking, and trading on a global scale. They serve a wide array of entities, including corporations, governments, institutions, and individuals across more than 35 countries. Furthermore, Bank of America is committed to supporting small businesses, with approximately 4 million small business households benefiting from their user-friendly online products and services.
As a publicly listed company on the New York Stock Exchange under the ticker symbol BAC, Bank of America adheres to rigorous standards of disclosure and transparency. In their recent announcement regarding the redemption of senior notes, they caution investors regarding forward-looking statements that involve inherent risks and uncertainties. They advise investors to consider the risks outlined in their Annual Report and subsequent filings with the Securities and Exchange Commission.
Overall, Bank of America’s decision to redeem its senior notes underscores their commitment to maintaining a strong financial position and managing their debt obligations effectively. With a focus on providing exceptional services to a diverse client base and a robust presence in domestic and international markets, Bank of America continues to be a powerhouse in the financial services industry. Investors and clients alike can rely on Bank of America’s longstanding reputation for stability, innovation, and client-focused solutions, backed by a team of dedicated professionals who are committed to delivering excellence in every aspect of their operations.
