Bank of America Announces Redemption of $1,500,000,000 Floating Rate Senior Notes, Due February 2026
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Bank of America has announced the redemption of $1.5 billion in Floating Rate Senior Notes due February 2026, effective February 5, 2025.

January 21, 2025 | 9:30 pm
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NEUTRAL IMPACT
Bank of America is redeeming $1.5 billion in Floating Rate Senior Notes due 2026, which may impact its liquidity and debt profile.
The redemption of $1.5 billion in notes will reduce Bank of America's outstanding debt, potentially improving its debt profile. However, it may also impact liquidity depending on how the redemption is financed. The action is neutral in terms of immediate stock price impact but is relevant for long-term financial health.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100