8-KItem 8.01 · Other EventsItem 9.01 · Financial Statements
Citizens Financial ($CFG) issued $400M of 5.299% Fixed‑Reset Subordinated Notes due 2036 on Jan 29, 2026.
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Citizens Financial ($CFG) issued $400M of 5.299% Fixed‑Reset Subordinated Notes due 2036 on Jan 29, 2026. Interest semi‑annual; reset on Jan 29, 2031 to 5‑yr UST + 1.450%. Trustee: BNY Mellon. 💵📅 #CFG #Debt #Banking
Underwriters: Citigroup, Goldman Sachs, Morgan Stanley, TD Securities & Citizens JMP for the $400M offering. Net proceeds for general corporate purposes (repurchases, dividends, capex, debt repayment, subsidiary financing, M&A). 🏦📈 $CFG #Finance #Banks
Notes are subordinated (junior to senior debt) — coupon fixed to 2031 then floats, maturity 2036. Transaction alters CFG’s liability mix and funding cost profile. ⚖️📊 $CFG #FixedIncome #Banking