debt
confidence high
sentiment neutral
materiality 0.55
Citizens Financial issues $750M senior notes: 5.253% fixed then SOFR+1.259%
CITIZENS FINANCIAL GROUP INC/RI
- Issued $750M aggregate principal of 5.253% Fixed/Floating Rate Senior Notes due 2031.
- Notes bear 5.253% fixed rate from Mar 5, 2025 to Mar 5, 2030, then SOFR + 1.259% floating to maturity.
- Offering closed Mar 5, 2025; underwriters include Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley.
- Net proceeds for general corporate purposes, including debt repurchase, dividends, and acquisitions.