Summary
Truist Financial Corporation (TFC), formerly BB&T Corporation, announced the issuance and sale of $1.1 billion in aggregate principal amount of 2.200% Medium-Term Notes, Series G (Senior), due March 16, 2023. This debt offering was conducted under a previously filed registration statement with the SEC. The purpose of this filing is primarily to provide legal opinions regarding the validity of these notes.
Key Highlights
- 1TFC issued $1.1 billion in Medium-Term Notes.
- 2The notes carry a 2.200% coupon rate.
- 3The maturity date for these notes is March 16, 2023.
- 4The debt issuance is classified as Senior debt.
- 5The offering was made under a previously filed Form S-3 registration statement.
- 6Legal opinions from external counsel (Squire Patton Boggs) and internal counsel (Robert J. Johnson, Jr.) were filed as exhibits.
- 7The filing also includes consents from these legal counsel.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the issuance and sale of $1.1 billion in Medium-Term Notes and to file the accompanying legal opinions from counsel that attest to the validity of these notes.
The notes have a coupon rate of 2.200% and will mature on March 16, 2023.
No, this filing is related to a debt issuance and does not contain information about the company's operational performance or financial results. It is a routine disclosure for debt offerings.
Legal opinions were provided by Squire Patton Boggs (US) LLP, external legal counsel, and Robert J. Johnson, Jr., Senior Executive Vice President, General Counsel, Secretary and Chief Corporate Governance Officer of Truist Financial Corporation.