The investment-grade notes are due 2029 and 2034

Davis Polk advised the lead manager, sole book-runner and representative of the several underwriters in connection with an SEC-registered offering by Bank of America Corporation of $3.5 billion aggregate principal amount of 5.202% fixed-to-floating-rate senior notes due April 2029 and $5 billion aggregate principal amount of 5.288% fixed-to-floating-rate senior notes due April 2034. During the floating-rate period, the notes bear interest by reference to SOFR, compounded daily over each quarterly interest payment period.

Davis Polk also advised Bank of America Corporation in connection with tax aspects of the offering.

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael J. Russo and associate Nicollette Farkas. Partner Lucy W. Farr and associate Spencer Pan provided tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post