STATE STREET CORPORATION (NYSE:STT) Files An 8-K Other Events
Item8.01.
| Other Events |
On May15, 2017, State Street Corporation (State Street) issued
$750,000,000 aggregate principal amount of Fixed-to-Floating Rate
Senior Notes due 2023 (the Notes) in a public offering to a
registration statement on FormS-3 (File No.333-200321) and a
related prospectus supplement filed with the Securities and
Exchange Commission (the SEC). The Notes were issued to an
Indenture dated as of October31, 2014 (the Base Indenture) as
supplemented by the First Supplemental Indenture dated as of
May8, 2017 (the Supplemental Indenture and, together with the
Base Indenture, the Indenture), between State Street and U.S.
Bank National Association, a national banking association
organized under the laws of the United States, as trustee. The
form of Note is filed as Exhibit 4.1 hereto. The Base Indenture
has been included as Exhibit 4.2 to State Streets Registration
Statement on Form S-3, filed with the SEC on November18, 2014.
The Supplemental Indenture has been included as Exhibit 4.1 to
State Streets current report on Form 8-K, filed with the SEC on
May8, 2017.
The sale of the Notes was made to the terms of an underwriting
agreement dated May10, 2017 (the Underwriting Agreement), entered
into among State Street and Morgan Stanley Co. LLC, Merrill
Lynch, Pierce, Fenner Smith Incorporated, Goldman Sachs Co. LLC
and UBS Securities LLC, as representatives of the underwriters
named therein. The above description of the Underwriting
Agreement is qualified in its entirety by reference to the
Underwriting Agreement, which is filed as Exhibit 1.1 hereto and
is incorporated herein by reference.
State Street expects to receive net proceeds from the offering of
the Notes of approximately $747.0 million, after deducting
estimated expenses and underwriting discounts and commissions.
Wilmer Cutler Pickering Hale and Dorr LLP, counsel to State
Street, has issued an opinion to State Street, dated May15, 2017,
regarding the legality of the Notes to be issued and sold in the
offering upon issuance and sale thereof. A copy of the opinion as
to legality is filed as Exhibit 5.1 to this current report on
Form 8-K.
| Item9.01. | Financial Statements and Exhibits |
(d) Exhibits
|
Exhibit No. |
Description |
|
| 1.1 |
Underwriting Agreement, dated May 10, 2017, by and among State Street Corporation and Morgan Stanley Co. LLC, Merrill Lynch, Pierce, Fenner Smith Incorporated, Goldman Sachs Co. LLC and UBS Securities LLC, as representatives of the several underwriters named therein |
|
| 4.1 | Form of Fixed-to-Floating Rate Senior Note due 2023 | |
| 5.1 |
Opinion of Wilmer Cutler Pickering Hale and Dorr LLP, dated May 15, 2017 |
|
| 23.1 |
Consent of Wilmer Cutler Pickering Hale and Dorr LLP (included as part of Exhibit 5.1) |
About STATE STREET CORPORATION (NYSE:STT)
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services. STATE STREET CORPORATION (NYSE:STT) Recent Trading Information
STATE STREET CORPORATION (NYSE:STT) closed its last trading session up +0.51 at 83.08 with 1,555,909 shares trading hands.