Citizens Financial Group Announces $800 Million Pricing of Citizens Bank, NA Senior Notes

PROVIDENCE, RI–(BUSINESS THREAD)–Citizens Financial Group, Inc. (NYSE: CFG ) today announced the pricing of $800 million of Citizens Bank, NA (“CBNA”) 4.575% fixed/variable rate senior notes due 2028 (the “Notes”).

CBNA intends to use the net proceeds of the bond offering for general corporate purposes. The offering of notes is expected to close on August 9, 2022, subject to customary closing conditions.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, Morgan Stanley & Co. LLC and Citizens Capital Markets, Inc. act as joint managers of the ticket offering.

The notes are being offered under CBNA’s $10 billion global bank note program. The Notes are not deposits and are not insured or approved by the Federal Deposit Insurance Corporation or any other government agency and are subject to investment risk, including potential loss of principal. The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and are being offered pursuant to an exemption from registration under the Securities provided by Section 3(a)(2) thereof. A purchaser of the Notes, by making a purchase, will be deemed to have represented and agreed that it is an institution that is an accredited investor within the meaning of SEC Rule 501(a) under the Securities Act, which is purchasing the Obligations for the own account or the accounts of one or more investors that are accredited investors and that it, or each of the other accredited investors, that has a beneficial interest in a Note will have an undivided beneficial interest in a principal amount. of not less than $250,000 at all times.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or jurisdiction in which this offer , request. or sale would be illegal prior to registration or qualification under the securities laws of any state or jurisdiction.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of June 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of commercial and retail banking products and services for individuals, small businesses, mid-market companies, large corporations and institutions. Citizens helps its clients reach their potential by listening to them and understanding their needs to provide tailored advice, ideas and solutions. In Consumer Banking, Citizens offers an integrated experience that includes online and mobile banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Consumer banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing services, deposit and treasury management services, currency, interest rate and commodity risk management solutions, as well as syndication of lending, corporate finance, merger and acquisition, and the capabilities of debt and equity capital markets.

Forward-looking statements

“Safe Harbor” Statement Within the Meaning of the Private Securities Litigation Reform Act of 1995: This communication contains “forward-looking statements,” that is, statements relating to future, not past, events. In this context, forward-looking statements often address our expected future economic and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “attempt,” “plan,” “believe,” “seek, ” ” “see”, “will”, “would” or “goal”. Forward-looking statements by their nature address matters that are, to varying degrees, uncertain. Uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include the failure to consummate this transaction or the failure to make or take any filing or other action necessary to consummate these transactions on time or not at all. . These or other uncertainties could cause our actual future results to differ materially from those expressed in our forward-looking statements.



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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!