Truist announces redemption of senior notes due July 2026

Truist Financial Corporation (NYSE: TFC) has announced the redemption of its $1.5 billion floating rate senior notes that were originally due July 28, 2026.

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) has announced the redemption of its $1.5 billion floating rate senior notes that were originally due July 28, 2026. The redemption will occur on July 28, 2025, with noteholders receiving 100% of the principal amount plus accrued and unpaid interest.

Truist, a leading U.S. commercial bank with $536 billion in total assets as of March 31, 2025, will process the redemption through The Depository Trust Company facilities. The bank maintains significant market share across high-growth markets nationwide, offering comprehensive financial services through its wholesale and consumer businesses.

Positive

• Early redemption of $1.5 billion in senior notes demonstrates strong liquidity position
• Company maintains substantial total assets of $536 billion
• Strong market presence in high-growth regions

Negative

• Reduction in long-term debt financing could impact future financial flexibility

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CHARLOTTE, N.C., July 17, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,500,000,000 principal amount outstanding of its floating rate senior notes due July 28, 2026 (CUSIP 89788MAH5) on the redemption date of July 28, 2025.

The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.

Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading U.S. commercial bank, Truist has leading market share in many of the high-growth markets across the country. Truist offers a wide range of products and services through our wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $536 billion as of March 31, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.

View original content:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-july-2026-302508357.html

SOURCE Truist Financial Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the redemption amount for Truist's (TFC) senior notes due July 2026?

Truist will redeem $1.5 billion in floating rate senior notes at 100% of the principal amount plus accrued and unpaid interest.

When will Truist (TFC) redeem its senior notes?

The redemption will occur on July 28, 2025, one year before the original maturity date of July 28, 2026.

What are Truist's (TFC) total assets as of March 2025?

Truist reported total assets of $536 billion as of March 31, 2025.

How will Truist (TFC) process the senior notes redemption?

The redemption will be processed through The Depository Trust Company facilities.

What is the redemption price for Truist's (TFC) senior notes?

The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date.