The Bank of New York Mellon Corporation announced its intention to redeem all of its issued and outstanding Floating Rate Senior Notes due April 25, 2025. The aggregate principal amount of these notes is $400,000,000.
The redemption date for these notes is set for March 25, 2025. The redemption price will be 100% of the principal amount, plus any accrued and unpaid interest up to, but excluding, the redemption date. On and after the redemption date, the notes will no longer be deemed outstanding, and interest will cease to accrue.
This debt redemption is a proactive measure by BNY Mellon to manage its financial liabilities. By retiring these notes, the company aims to optimize its capital structure and potentially reduce its overall cost of funding, contributing to financial efficiency.
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