|
Quotes & Info
|
| BBT > SEC Filings for BBT > Form 8-K on 13-Aug-2012 | All Recent SEC Filings |
13-Aug-2012
Other Events
BB&T Corporation ("BB&T") has submitted a redemption notice to the property trustee for BBC Capital Trust II, which will result in the redemption of the trust preferred securities identified in the table below on the redemption date specified. This series of trust preferred securities was assumed by BB&T in connection with its acquisition of BankAtlantic from BankAtlantic Bancorp, Inc., which was completed on July 31, 2012. This series is currently callable and the redemption is being undertaken at the option of BB&T. The redemption will be funded by general corporate reserves.
Trust Security Principal Amount CUSIP Redemption Date Trustee
BBC Capital 8.50% Trust $55,375,000 05527K207 September 12, Wilmington Trust
Trust II Preferred 2012 Company
Securities
|
The trust preferred securities will be redeemed at a price equal to the liquidation amount of $25 per trust preferred security, plus all accrued and unpaid distributions to the redemption date.
|
|