UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): August 6, 2018

POPULAR, INC.
(Exact name of registrant as specified in its charter)

Puerto Rico

 

001-34084

 

66-0667416

(State or other jurisdiction of
incorporation or organization)

(Commission File
Number)

(IRS Employer Identification
Number)

209 Muñoz Rivera Avenue

Hato Rey, Puerto Rico

  00918
(Address of principal executive offices) (Zip code)

(787) 765-9800

 

(Registrant's telephone number, including area code)

 

NOT APPLICABLE

 

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  


Item 8.01. Other Events.

On August 6, 2018, Popular, Inc. (the “Corporation”) issued a press release announcing that Popular North America, Inc., a wholly-owned subsidiary of the Corporation, delivered a redemption notice to The Bank of New York Mellon, the Property Trustee for BanPonce Trust I, which will result in the redemption of all outstanding 8.327% Capital Securities, Series A ($1,000 liquidation amount per security and $52,865,000 in the aggregate), CUSIP No. 066915AA7, on September 7, 2018. The redemption price of each security will be equal to 100% of the liquidation amount of the securities plus accumulated and unpaid distributions in the amount of $1,008.33 per security.

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 August 6, 2018.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


POPULAR, INC.

(Registrant)

 

Date: August 6, 2018

By:

/s/ Javier D. Ferrer

Javier D. Ferrer

Executive Vice President, General Counsel and Secretary