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BNY Mellon Announces Settlement of Cash Tender Offer by its Wholly Owned Subsidiary for Certain of its Senior Notes

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BNY Mellon Corporation settles cash tender offer for securities, purchasing $985.611 million worth of securities.
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NEW YORK, Sept. 14, 2023 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today announced the settlement of the previously announced cash tender offer (the "Offer") by BNY Mellon Capital Markets, LLC ("BNYMCM"), an indirect wholly-owned subsidiary of BNY Mellon, which commenced on September 5, 2023, to purchase any and all of the securities of BNY Mellon listed in the table below (the "Securities"). The Offer expired on September 11, 2023, at 5:00 p.m., New York City time (the "Expiration Date"). The Offer was made solely pursuant to the Offer to Purchase (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery"), each dated September 5, 2023. 

BNYMCM has accepted for purchase and purchased the aggregate principal amounts of Securities, as set forth in the table below, and paid the Total Consideration, as set forth in the table below, for the Securities.

Title of Securities

CUSIP
Number

ISIN

Principal
Amount
Outstanding

Principal
Purchased

Total
Consideration
(1)

0.350% Senior Medium-Term

Notes, Series J due 2023

06406RAP2

US06406RAP29

$750,000,000.00

$157,785,000.00

$987.95

3.350% Senior Medium-Term

Notes, Series J due 2025

06406RBC0

US06406RBC07

$950,000,000.00

$490,514,000.00

$969.64

3.430% Fixed/Floating Rate

Callable Senior Medium-Term

Notes, Series J due 2025

06406RBF3

US06406RBF38

$700,000,000.00

$337,312,000.00

$983.96


(1)  Per $1,000 principal amount of Securities validly tendered and accepted for purchase.

D.F. King & Co., Inc. served as the tender agent and information agent. Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC served as Joint Dealer Managers for the Offer. 

This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any Securities. The Offer was made only pursuant to the Offer to Purchase and related Notice of Guaranteed Delivery and was not made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the laws require a tender offer to be made by a licensed broker or dealer, the tender offers were made by the Joint Dealer Managers on behalf of BNYMCM.  None of BNY Mellon, BNYMCM, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, D.F. King & Co., Inc., or the trustee or security registrar with respect to the Securities, nor any affiliate of any of the foregoing, has made any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Securities in response to the Offer.

ABOUT BNY MELLON

Established in 1784, BNY Mellon is America's oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com. Follow us on LinkedIn or visit our Newsroom for the latest company news.

Contacts:

Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com

 

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SOURCE BNY Mellon

Bank of New York Mellon Corporation

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