Valley National Bancorp Announces Full Redemption of $115 Million 5.25% Subordinated Notes Due 2030

Reuters
05-17
<a href="https://laohu8.com/S/VLYNP">Valley National Bancorp</a> Announces Full Redemption of $115 Million 5.25% Subordinated Notes Due 2030

Valley National Bancorp has announced the full redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, amounting to $115 million. The redemption is set for June 15, 2025, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest up to the redemption date. CEO Ira Robbins noted that the redemption is a result of the company's strengthened balance sheet, allowing for greater financial flexibility and capital optimization. Interest on the notes will cease after the redemption date, and no notes will remain outstanding thereafter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valley National Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9453460-en) on May 16, 2025, and is solely responsible for the information contained therein.

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