Truist Financial Corporation Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

CHARLOTTE, N.C., May 26, 2023 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock…