NEW YORK, Oct. 15, 2021
/PRNewswire/ -- MUFG Americas Holdings Corporation (NYSE:
MUFG) announced today that it will redeem the entire outstanding
principal amount of its 3.50% Senior Notes due 2022 (the "2022
Notes") and the entire outstanding principal amount of its 3.00%
Senior Notes due 2025 (the "2025 Notes" and, together with the 2022
Notes, the "Notes"). The redemption date for the Notes is
November 16, 2021. The aggregate
principal amount of the 2022 Notes outstanding is $400,000,000 and the aggregate principal amount
of the 2025 Notes outstanding is also $400,000,000.
The redemption price for each series of Notes will include a
make-whole premium, which will be calculated three business days
prior to the redemption date in accordance with the terms of the
Notes and related indenture, and will include accrued and unpaid
interest on the Notes up to and including the redemption date. The
make whole call for the Notes is being executed given the
Prospectus Supplement restrictive covenants associated with the
planned sale of all shares in MUFG Union Bank N.A. to U.S. Bancorp,
as announced on September 21,
2021.
Notices of redemption are being sent to all currently registered
holders of the Notes by the trustee, The Bank of New York Mellon
Trust Company, N.A. For more information, holders of the
Notes may call The Bank of New York Mellon Trust Company, N.A. at
1-800-254-2826. This press release is not an offer to sell or a
solicitation of an offer to buy any securities.
About Mitsubishi UFJ Financial Group, Inc.'s U.S. Operations
including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc.
(MUFG), one of the world's leading financial groups, has total
assets of $325 billion at
June 30, 2021. As part of that total,
MUFG Americas Holdings Corporation (MUAH), a financial holding
company, bank holding company, and intermediate holding company,
has total assets of $165.3 billion at
June 30, 2021. MUAH's main
subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas
Inc. MUFG Union Bank, N.A. provides a wide range of financial
services to consumers, small businesses, middle-market companies,
and major corporations. As of June 30,
2021, MUFG Union Bank, N.A. operated 305 branches,
consisting primarily of retail banking branches in the West Coast
states, along with commercial branches in Texas, Illinois, New
York, and Georgia. MUFG
Securities Americas Inc. is a registered securities broker-dealer
which engages in capital markets origination transactions, domestic
and foreign debt and equities securities transactions, private
placements, collateralized financings, and securities borrowing and
lending transactions. MUAH is owned by MUFG Bank, Ltd. and
Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly
owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has
offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico,
and Canada. Visit
www.unionbank.com or www.mufgamericas.com for more information.
Press
contact:
Daniel
Weidman
1 (877)
823-2972
Daniel.Weidman@unionbank.com
Investor
contact:
Stanley
Cecala
1 (212) 782-5629
Stanley.Cecala@unionbank.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mufg-americas-holdings-corporation-announces-redemption-of-senior-notes-due-2022-and-2025-301401210.html
SOURCE MUFG