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BNY Announces Redemption of Floating Rate Senior Notes Due 2025

1. BK will redeem $400 million Floating Rate Senior Notes by March 2025. 2. Redemption will result in elimination of these securities from BK's balance sheet. 3. Interest payments will cease post-redemption, improving cash flow. 4. BNY oversees $52.1 trillion in assets, showing substantial operational scale. 5. Company recognized on lists for innovation and corporate admiration.

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FAQ

Why Bullish?

The redemption of debt improves BK's financial position and cash flow. Historically, such actions can lead to positive market perceptions and stock price increases.

How important is it?

The announcement shows BK's proactive financial management, likely leading to positive investor reactions.

Why Short Term?

Immediate cash flow improvements following the redemption can influence investor sentiment shortly before the redemption date.

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JPMGSCBAC
, /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it will redeem all of the issued and outstanding Floating Rate Senior Notes due April 25, 2025 (CUSIP 06406RBE6) (the "Notes"). The Notes have an aggregate principal amount of $400,000,000. The redemption date for the Notes is March 25, 2025 (the "Redemption Date"). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date (the "Redemption Price"). On and after the Redemption Date, the Notes will no longer be deemed outstanding and interest will no longer accrue on such securities. Payment of the Redemption Price will be made through the facilities of The Depository Trust Company. About BNYBNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of December 31, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. Contacts:Media                                                              Garrett Marquis+1 949 683 1503[email protected] AnalystsMarius Merz+1 212 298 1480[email protected] SOURCE BNY WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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