debt
confidence high
sentiment neutral
materiality 0.50
Citizens Financial issues $750M senior notes due 2035 at 6.645% fixed rate
CITIZENS FINANCIAL GROUP INC/RI
- Issued $750M aggregate principal of 6.645% Fixed/Floating Rate Senior Notes due April 25, 2035.
- Fixed rate 6.645% through April 25, 2034; then SOFR + 2.325% floating for final year.
- Underwriters: Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Citizens JMP Securities.
- Proceeds for general corporate purposes including repurchases, dividends, debt repayment, acquisitions.
- Notes issued under indenture with The Bank of New York Mellon as trustee.