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Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $3,000,000,000 3.384% Fixed/Floating Rate Senior Notes, Due April 2026

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Bank of America (NYSE: BAC) has announced the redemption of two series of senior notes on April 2, 2025: $500 million of Floating Rate Senior Notes and $3 billion of 3.384% Fixed/Floating Rate Senior Notes, both due April 2026.

The redemption price for each series will be 100% of the principal amount plus accrued and unpaid interest until the redemption date. The payment will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as trustee and paying agent.

BAC currently serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users. The bank operates across the United States and more than 35 countries.

Bank of America (NYSE: BAC) ha annunciato il rimborso di due serie di note senior il 2 aprile 2025: 500 milioni di Dollari in Note Senior a Tasso Variabile e 3 miliardi di Dollari in Note Senior a Tasso Fisso/Variabile al 3,384%, entrambe in scadenza ad aprile 2026.

Il prezzo di rimborso per ciascuna serie sarà pari al 100% dell'importo principale più gli interessi maturati e non pagati fino alla data di rimborso. Il pagamento sarà elaborato tramite The Depository Trust Company, con The Bank of New York Mellon Trust Company, N.A. che funge da fiduciario e agente di pagamento.

BAC attualmente serve circa 69 milioni di clienti consumer e piccole imprese attraverso 3.700 centri retail e 15.000 sportelli automatici, con 58 milioni di utenti digitali verificati. La banca opera negli Stati Uniti e in oltre 35 paesi.

Bank of America (NYSE: BAC) ha anunciado el reembolso de dos series de notas senior el 2 de abril de 2025: 500 millones de dólares en Notas Senior a Tasa Flotante y 3 mil millones de dólares en Notas Senior a Tasa Fija/Flotante del 3.384%, ambas con vencimiento en abril de 2026.

El precio de reembolso para cada serie será del 100% del monto principal más los intereses acumulados y no pagados hasta la fecha de reembolso. El pago se procesará a través de The Depository Trust Company, con The Bank of New York Mellon Trust Company, N.A. actuando como fiduciario y agente de pago.

BAC actualmente atiende a aproximadamente 69 millones de clientes de consumo y pequeñas empresas a través de 3,700 centros minoristas y 15,000 cajeros automáticos, con 58 millones de usuarios digitales verificados. El banco opera en los Estados Unidos y en más de 35 países.

뱅크 오브 아메리카 (NYSE: BAC)는 2025년 4월 2일 두 가지 시리즈의 선순위 채권 상환을 발표했습니다: 5억 달러의 변동금리 선순위 채권과 30억 달러의 3.384% 고정/변동금리 선순위 채권으로, 두 채권 모두 2026년 4월 만기입니다.

각 시리즈의 상환 가격은 원금의 100%와 상환일까지 누적된 미지급 이자를 포함합니다. 지급은 The Depository Trust Company를 통해 처리되며, The Bank of New York Mellon Trust Company, N.A.가 수탁자 및 지급 대행자로서 역할을 합니다.

BAC는 현재 약 6,900만 명의 소비자 및 소기업 고객을 3,700개의 소매 센터와 15,000개의 ATM을 통해 서비스하고 있으며, 5,800만 명의 확인된 디지털 사용자를 보유하고 있습니다. 이 은행은 미국과 35개 이상의 국가에서 운영되고 있습니다.

Bank of America (NYSE: BAC) a annoncé le remboursement de deux séries de notes senior le 2 avril 2025 : 500 millions de dollars de Notes Senior à Taux Flottant et 3 milliards de dollars de Notes Senior à Taux Fixe/Flottant de 3,384 %, toutes deux arrivant à échéance en avril 2026.

Le prix de remboursement pour chaque série sera de 100 % du montant principal plus les intérêts courus et non payés jusqu'à la date de remboursement. Le paiement sera traité par The Depository Trust Company, avec The Bank of New York Mellon Trust Company, N.A. agissant en tant que fiduciaire et agent de paiement.

BAC sert actuellement environ 69 millions de clients particuliers et de petites entreprises à travers 3 700 centres de vente au détail et 15 000 guichets automatiques, avec 58 millions d'utilisateurs numériques vérifiés. La banque opère aux États-Unis et dans plus de 35 pays.

Bank of America (NYSE: BAC) hat die Rückzahlung von zwei Serien von Senior Notes für den 2. April 2025 angekündigt: 500 Millionen Dollar an Floating Rate Senior Notes und 3 Milliarden Dollar an 3,384% Fixed/Floating Rate Senior Notes, beide fällig im April 2026.

Der Rückzahlungspreis für jede Serie beträgt 100% des Nennbetrags zuzüglich aufgelaufener und nicht gezahlter Zinsen bis zum Rückzahlungstermin. Die Zahlung wird über die Depository Trust Company abgewickelt, wobei die Bank of New York Mellon Trust Company, N.A. als Treuhänder und Zahlstelle fungiert.

BAC bedient derzeit etwa 69 Millionen Verbraucher- und Kleinunternehmenskunden über 3.700 Einzelhandelsstandorte und 15.000 Geldautomaten, mit 58 Millionen verifizierten digitalen Nutzern. Die Bank ist in den Vereinigten Staaten und in mehr als 35 Ländern tätig.

Positive
  • Early redemption of $3.5 billion in senior notes indicates strong liquidity position
  • Large retail presence with 69 million consumer and small business clients
  • Strong digital banking adoption with 58 million verified digital users
Negative
  • None.

Insights

Bank of America's announcement to redeem $3.5 billion in senior notes ahead of their 2026 maturity demonstrates prudent liability management. The bank is redeeming $500 million in floating rate notes and $3 billion in 3.384% fixed/floating rate notes at par value (100% of principal plus accrued interest).

This early redemption likely reflects BAC's strong liquidity position and strategic approach to optimizing its debt profile in the current interest rate environment. For a bank with $329.7 billion market capitalization, this $3.5 billion redemption represents approximately 1% of its market value - significant enough to indicate meaningful capital management while not drastically altering the bank's overall financial structure.

The timing suggests BAC may be positioning to either reduce overall debt levels or potentially refinance at more favorable rates if market conditions permit. By redeeming these notes a full year before maturity, the bank demonstrates confidence in its cash position and proactive balance sheet management.

This type of routine capital structure optimization is expected from well-managed financial institutions and aligns with prudent banking practices. While not transformative to BAC's outlook, it reflects disciplined financial management that gradually enhances shareholder value through efficient capital allocation.

CHARLOTTE, N.C., March 25, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 2, 2025 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKN8) (the "Floating Rate Notes"), and all $3,000,000,000 principal amount outstanding of its 3.384% Fixed/Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKM0) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes").

The redemption price for each series of the Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of April 2, 2025. Interest on each series of the Notes will cease to accrue on the redemption date.

Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the Notes.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Forward-Looking Statements

Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.

Investors May Contact:

Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the total value of senior notes being redeemed by Bank of America (BAC) in April 2025?

Bank of America is redeeming a total of $3.5 billion in senior notes, comprising $500 million in Floating Rate Notes and $3 billion in Fixed/Floating Rate Notes.

When will BAC's senior notes redemption take place and at what price?

The redemption will occur on April 2, 2025, at 100% of the principal amount plus accrued and unpaid interest.

What is the interest rate on BAC's Fixed/Floating Rate Notes being redeemed?

The Fixed/Floating Rate Notes carry an interest rate of 3.384%.

How many retail financial centers and ATMs does Bank of America (BAC) currently operate?

BAC operates 3,700 retail financial centers and approximately 15,000 ATMs across its network.
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