Bank of America Corporation’s $2.5 Billion Fixed-to-Floating-Rate Senior Notes Reopening

Davis Polk advised the lead manager and sole book-runner in connection with an SEC-registered reopened offering by Bank of America Corporation of $2.5 billion aggregate principal amount of 4.083% fixed-to-floating-rate senior notes, due March 2051. The notes issued in the reopening have the same terms as, and constitute a single series with, the $3 billion in principal amount of the 4.083% fixed-to-floating-rate senior notes, due March 2051 issued on March 20, 2020.

The Davis Polk tax team also advised Bank of America Corporation in connection with the foregoing offering.

The Davis Polk corporate team included partners John G. Crowley and John Banes and associates Michael J. Russo and John K. Rostom. Partners Lucy W. Farr and Po Sit and associates Joseph M. Gerstel and Shay Moyal provided tax advice. All members of the Davis Polk team are based in the New York office.