Truist Announces Acquisition of – GuruFocus.com
CHARLOTTE, North Carolina, May 9, 2022 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) announced today that it will acquire all $1,350,000,000 outstanding principal amount of its 3.050% Senior Notes due June 20, 2022 (CUSIP 05531FBG7) on the redemption date of May 20, 2022.
The redemption price of the Senior Notes will be equal to 100% of their principal amount plus accrued and unpaid interest up to the excluded redemption date. Interest on the Senior Notes will cease to accrue from the date of redemption.
Payment of the redemption price for the Senior Notes will be made through the services of The Depository Trust Company.
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist holds a dominant market share in many high-growth markets nationwide. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Insurance; mortgage; Payments; specialized loans; and wealth management. Based at Charlotte, North CarolinaTruist is a top 10 US commercial bank with total assets of $544 billion of the March 31, 2022. Truist Bank, Member FDIC. Learn more about Truist.com.
SOURCE Truist Financial Corporation