Truist Financial Corporation to Redeem $1.5 Billion in Senior Notes by July 2025

Truist Financial Corporation, listed under the NYSE ticker TFC, made a significant announcement regarding its financial management. The company will be redeeming all outstanding floating rate senior notes set to mature on July 28, 2026. This decision comes with a principal amount totaling $1.5 billion.

Details of the Redemption

The redemption is scheduled for July 28, 2025, and at that time, the senior notes will be redeemed at 100% of the principal amount. Moreover, any accrued and unpaid interest up to, but not including, the redemption date will also be paid, ensuring that investors receive full compensation for their holdings. Following this date, no further interest will accrue on these notes, marking the end of an investment period for holders.

Payments will be facilitated through The Depository Trust Company, reflecting Truist's commitment to a smooth redemption process. This announcement underscores the company's strategic financial planning and its active measures to manage liabilities effectively.

About Truist Financial Corporation

Founded through the merger of BB&T and SunTrust, Truist has established itself as a purpose-driven financial services enterprise. Headquartered in Charlotte, North Carolina, and with a robust market presence across many high-growth areas, Truist operates as a leading commercial bank in the United States. It provides a diverse range of services, including consumer banking, investment banking, and wealth management, with total assets amounting to $536 billion as of March 31, 2025.

Truist is dedicated to inspiring and empowering communities, focusing on delivering innovative financial solutions tailored to consumer and business needs. By redeeming these senior notes, Truist aims to optimize its capital structure, enhancing its ability to serve its clients better.

Conclusion

The redemption of these senior notes is a crucial step in Truist's overall financial strategy, reflecting its proactive approach to debt management and commitment to maintaining a strong financial foundation. Investors and stakeholders will be monitoring the impacts of this decision closely as Truist continues to navigate the evolving financial landscape and fulfill its promise of bettering lives and communities.

As a member of the FDIC, Truist remains committed to transparency in its financial dealings, ensuring that all information provided is in line with regulatory standards and investor interests. For more details on Truist's services and operations, you can visit their official website at Truist.com.