On October 12, 2025, U.S. Bancorp announced that it will redeem all of its outstanding 5.727% fixed‑to‑floating rate senior notes due October 21, 2026 (CUSIP 91159HJH4). The redemption will take place on October 21, 2025, at 100 % of the principal amount plus any accrued and unpaid interest, excluding the redemption date.
The notes represent a portion of the bank’s debt portfolio; redeeming them reduces long‑term debt and improves the bank’s leverage profile. The payment will be made through the Depository Trust Company, ensuring a smooth settlement process.
The redemption aligns with U.S. Bancorp’s ongoing balance‑sheet optimization strategy, which has included divestitures of mortgage and auto loan assets and restructuring of investment securities. By reducing debt, the bank can lower interest expense and strengthen its capital ratios, supporting future growth initiatives.
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