Bank of America to Redeem $2 Billion in Senior Notes
News provided byBank of America Corporation · 1 min read
CHARLOTTE, N.C., Sept. 4, 2026 /CourierPR/ -- Bank of America Corporation announced its plans to redeem all outstanding principal amount of two series of senior notes totaling $2 billion on September 15, 2026. The company will redeem $500 million in Floating Rate Senior Notes due September 2027 and $1,500 million in 5.933% Fixed/Floating Rate Senior Notes due the same month.
According to the press release, the redemption price for both series of notes will be 100% of the principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date. Interest on the Notes will cease to accrue on the redemption date. The redemption process will be facilitated through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as the trustee and paying agent.
The action is part of Bank of America's ongoing financial management and reflects the company's strategy to optimize its capital structure. The bank, one of the world's leading financial institutions, serves a diverse client base ranging from individual consumers to large corporations, offering a wide array of financial products and services.
Bank of America, headquartered in Charlotte, North Carolina, operates in the United States and more than 35 countries and jurisdictions. With a strong presence in wealth management, corporate and investment banking, and trading, the bank caters to the needs of clients globally. As the largest small business lender in the United States, Bank of America supports approximately 4 million small business households through innovative digital services.
The company's commitment to transparency is evident in the inclusion of forward-looking statements, acknowledging the inherent risks and uncertainties associated with future financial performance. Bank of America advises investors and interested parties to consult its filings with the Securities and Exchange Commission for a comprehensive understanding of the risks and uncertainties involved.