Citizens Financial Group to Redeem Subordinated Notes

Citizens Financial Group, Inc. made a significant announcement regarding the redemption of its 4.35% Fixed-Rate Subordinated Notes due August 1, 2025. The redemption is set to take place on July 3, 2025, with the company redeeming all outstanding notes of this type. The redemption price will be 100% of the principal amount of the Notes, including any accrued and unpaid interest up to but excluding the redemption date.

According to the terms outlined in the indenture governing the Notes, holders of the Notes will be notified of the redemption, the price, and any additional instructions regarding the redemption process. Payment for the redeemed Notes will be administered through The Depository Trust Company.

Citizens Financial Group, Inc. is a well-established financial institution in the United States, boasting total assets of $220.1 billion as of March 31, 2025. Headquartered in Providence, Rhode Island, Citizens provides a wide array of retail and commercial banking products and services tailored to suit the needs of individuals, businesses, and institutions. By focusing on understanding the unique needs of their customers, Citizens offers personalized advice, ideas, and solutions to help customers achieve their financial goals.

In the Consumer Banking sector, Citizens offers an integrated experience that includes mobile and online banking, customer support services, and a network of approximately 3,100 ATMs and 1,000 branches across 14 states and the District of Columbia. They provide a comprehensive range of banking, lending, savings, wealth management, and small business services. Conversely, in Commercial Banking, Citizens deliver various financial products and solutions such as lending, leasing, treasury management services, and risk management solutions, among others.

For more information about Citizens Financial Group, Inc. and their diverse range of banking products and services, individuals can visit their website or find them on X, LinkedIn, or Facebook.

The communication released by Citizens Financial Group, Inc. contains forward-looking statements related to anticipated future business and financial performance. Such statements often use terms like “expect,” “anticipate,” “intend,” and “plan” to address potential future outcomes. It is important to understand that these forward-looking statements are subject to uncertainties that could significantly impact actual results.

Overall, the redemption of the 4.35% Fixed-Rate Subordinated Notes marks a significant move by Citizens Financial Group, Inc. in managing its financial obligations and maintaining its position as a leading financial institution in the United States.