UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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ITEM 8.01. | Other Events. |
On July 14, 2023, Popular, Inc. (the “Corporation”) issued a press release announcing that it delivered a redemption notice to The Bank of New York Mellon, as trustee, which will result in the redemption of all of the Corporation’s outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the “2023 Notes”), on August 14, 2023 (the “Redemption Date”). The redemption price will be a price equal to 100% of the principal amount of the 2023 Notes to be so redeemed, plus accrued and unpaid interest to the Redemption Date.
The redemption is being made pursuant to the terms of the Senior Indenture, dated as of February 15, 1995, as supplemented, between the Corporation, as issuer, and The Bank of New York Mellon, as trustee.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01. | Financial Statements and Exhibits. |
99.1 | Press Release, dated July 14, 2023. | |
104 | The cover page of this Current Report on Form 8-K formatted as Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
POPULAR, INC. | ||||||
(Registrant) | ||||||
Date: July 14, 2023 | By: | /s/ José R. Coleman Tió | ||||
José R. Coleman Tió | ||||||
Executive Vice President and Chief Legal Officer |
Exhibit 99.1
Popular, Inc. Announces Redemption of Senior Notes Due 2023
SAN JUAN, Puerto Rico (BUSINESS WIRE) July 14, 2023 Popular, Inc. (Popular) (NASDAQ: BPOP) announced today that it has delivered a redemption notice to The Bank of New York Mellon, as trustee, to redeem, on August 14, 2023 (the Redemption Date), all outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the 2023 Notes) issued by Popular. The redemption price for the 2023 Notes will be a price equal to 100% of the principal amount of the 2023 Notes to be so redeemed, plus accrued and unpaid interest to the Redemption Date (the Redemption Price).
The redemption is being made pursuant to the terms of the Senior Indenture, dated as of February 15, 1995, as supplemented, between Popular, as issuer, and The Bank of New York Mellon, as trustee.
The 2023 Notes are held only in book-entry form through The Depository Trust Company (DTC). DTC will redeem the 2023 Notes in accordance with its procedures and notify holders. Holders of the 2023 Notes need not take any action to receive payment of the Redemption Price.
About Popular, Inc.
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Populars principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
Contacts
Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Senior Vice President and Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com
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