Truist announces redemption of senior notes due March 2027

Truist Financial (NYSE: TFC) will redeem all outstanding fixed-to-floating senior notes due Mar. 2, 2027, totaling $1,250,000,000, on the redemption date of Mar. 2, 2026.

Rhea-AI Summary

Truist Financial (NYSE: TFC) will redeem all outstanding fixed-to-floating senior notes due Mar. 2, 2027, totaling $1,250,000,000, on the redemption date of Mar. 2, 2026.

The redemption price equals 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date; interest will cease to accrue on and after that date. Payment will be made through The Depository Trust Company.

Truist reported $548 billion in total assets as of Dec. 31, 2025.

Positive

• $1.25B senior notes scheduled for redemption on Mar. 2, 2026
• Interest on the notes stops accruing on the redemption date

Negative

• Redemption requires an estimated $1.25B cash outflow on Mar. 2, 2026

Argus Feb 19 session

-1.73% close to close Open Argus

Details

News Market Reaction – TFC

In the Feb 19 session, TFC declined 1.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Truist’s ongoing management of its funding profile, with the planned re...

Analysis

This announcement highlights Truist’s ongoing management of its funding profile, with the planned redemption of $1.25 billion in fixed-to-floating rate senior notes originally due Mar. 2, 2027, now set for Mar. 2, 2026. Against a backdrop of $548 billion in total assets, the move fits within broader balance sheet and capital markets activity. Investors may watch upcoming filings and communications for additional context on future debt issuance, redemption plans, and overall capital strategy.

Key Figures

Senior notes principal: $1,250,000,000 Redemption price: 100% of principal Redemption date: Mar. 2, 2026 +2 more

Senior notes principal

$1,250,000,000

Fixed-to-floating rate senior notes due Mar. 2, 2027 to be redeemed

Redemption price

100% of principal

Plus accrued and unpaid interest to, but excluding, Mar. 2, 2026

Redemption date

Mar. 2, 2026

Date when senior notes will be redeemed and interest ceases

Original maturity

Mar. 2, 2027

Stated maturity date of the senior notes being redeemed

Total assets

$548 billion

Truist total assets as of Dec. 31, 2025

Historical Context

5 past events · Latest: Feb 13

5 events

1. Feb 13

   Earnings call schedule

   24h Move

   -0.3%

   Outlined 2027 quarterly earnings call dates and access details.

2. Feb 12

   Open banking launch

   24h Move

   -3.6%

   Introduced secure open banking integration with Mastercard for data sharing.

3. Feb 03

   AI receivables platform

   24h Move

   +2.6%

   Launched AI-enabled receivables platform to automate cash application.

4. Jan 28

   Conference appearances

   24h Move

   -1.1%

   Announced executive presentations at UBS and BofA financial conferences.

5. Jan 27

   Dividend declaration

   24h Move

   +1.4%

   Declared quarterly common and preferred dividends with March 2026 pay dates.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

fixed-to-floating rate, senior notes, CUSIP, The Depository Trust Company

4 terms

fixed-to-floating rate financial

"its fixed-to-floating rate senior notes due Mar. 2, 2027"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

senior notes financial

"principal amount outstanding of its fixed-to-floating rate senior notes due Mar. 2, 2027"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

CUSIP financial

"due Mar. 2, 2027, (CUSIP 89788MAD4) on the redemption date"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

The Depository Trust Company financial

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

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., Feb. 18, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due Mar. 2, 2027, (CUSIP 89788MAD4) on the redemption date of Mar. 2, 2026.

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. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-march-2027-302689576.html

SOURCE Truist Financial Corporation

FAQ

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

What did Truist (TFC) announce about its senior notes on Feb. 18, 2026?

Truist announced it will redeem all fixed-to-floating senior notes due Mar. 2, 2027, on Mar. 2, 2026. According to the company, the total principal amount outstanding being redeemed is $1,250,000,000.

When will Truist (TFC) redeem the senior notes due Mar. 2, 2027?

The redemption date is scheduled for Mar. 2, 2026, when interest will cease to accrue. According to the company, payment of the redemption price will be made through The Depository Trust Company.

How much will Truist (TFC) pay to redeem the senior notes due 2027?

The redemption price equals 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date. According to the company, interest stops accruing on and after Mar. 2, 2026.

What is the impact of the TFC redemption on interest accrual for the notes?

Interest on the redeemed senior notes will cease to accrue on and after Mar. 2, 2026. According to the company, accrued and unpaid interest will be paid up to, but excluding, the redemption date.

How will holders of Truist (TFC) senior notes receive redemption payment?

Payment will be made through the facilities of The Depository Trust Company. According to the company, holders will receive the redemption price via DTC on the redemption date of Mar. 2, 2026.