MUFG Americas gives make-whole calculations for upcoming redemptions

Chicago, Nov. 10 – MUFG Americas Holdings Corp. announced the calculations for its upcoming redemptions of notes from two series on Nov. 16 in a press release.

As previously reported, the company will redeem all $400 million of the 3.5% senior notes due 2022 and all of the $400 million outstanding 3% senior notes due 2025.

The 2022 notes will be redeemed at $1,018.34 per $1,000 note and the 2025 notes will be repurchased at $1,059.56 per $1,000 note.

In terms of interest, there is $5,755,555.56 of interest due on the 2022 notes and $3.2 million due on the 2025 notes. Interest is in addition to the make-whole considerations calculated above.

The make-whole call is related to the planned sale of all shares in MUFG Union Bank NA to U.S. Bancorp, as announced on Sept. 21.

Bank of New York Mellon Trust Co., NA is the trustee.

MUFG is a Tokyo-based bank.

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