Citizens Financial Group announced on May 30, 2025, the redemption of all its outstanding 4.35% Fixed-Rate Subordinated Notes due August 1, 2025. The redemption date was set for July 3, 2025.
The redemption price for these notes will be equal to 100% of the principal amount, plus any accrued and unpaid interest up to, but excluding, the redemption date. On and after this date, interest will no longer accrue on the notes.
This action reduces Citizens' outstanding debt obligations and associated interest expenses, contributing to balance sheet optimization. The redemption reflects the company's active management of its capital structure and financial liabilities.
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