01—Abstract
Summary
Summary of the 8-K filed October 29, 2025. Cited figures are marked; the original filing is the authoritative source.
State Street Corporation (STT) has announced the redemption of its $500 milliona aggregate principal amount of 5.751% Fixed-to-Floating Rate Senior Notes due 2026.
This redemption will occur on November 4, 2025, with the company paying 100%b of the principal amount plus accrued interest up to, but not including, the redemption date. This action indicates State Street's intention to manage its debt obligations by retiring these specific notes before their maturity. Investors holding these particular notes will receive their principal amount back along with any earned interest.
State Street plans to finance this redemption using its existing cash reserves, suggesting a strong liquidity position. This move is not expected to significantly impact the company's overall financial health given the financing method, but it does remove a component of its outstanding debt.
02—Key points
Key Highlights
- State Street Corporation announced the redemption of its $500 million senior notes due 2026.
- The redemption date is set for November 4, 2025.
- The redemption price will be 100% of the principal amount plus accrued and unpaid interest.
- State Street intends to fund the redemption using cash on hand.
- Interest on the notes will cease to accrue on and after the redemption date.
- This action pertains to the 5.751% Fixed-to-Floating Rate Senior Notes due 2026.
03—Questions
Frequently Asked Questions
What is State Street Corporation (STT) doing with its 5.751% Fixed-to-Floating Rate Senior Notes due 2026?
State Street Corporation is redeeming all of these notes on November 4, 2025. This means they are paying back the principal and any accrued interest before the original maturity date.
How much will investors receive for these notes?
Holders of these notes will receive 100% of the principal amount of the notes they hold, plus any interest that has accrued from the last payment date up to, but not including, November 4, 2025.
How is State Street funding this redemption?
State Street intends to use its existing cash on hand to fund the aggregate redemption price for these notes.
When will interest stop accruing on these notes?
Interest on these notes will cease to accrue on and after November 4, 2025, which is the redemption date.
04—Continue