STATE STREET CORPORATION (NYSE:STT) Files An 8-K Other Events
Item8.01. Other Events
State Street Corporation (State Street) has amended its Senior
Debt Indenture dated October31, 2014 (the Senior Indenture),
between State Street and U.S. Bank National Association, as
Trustee (the Trustee) under which it issues senior debt
securities from time to time. These amendments, among other
things:
|
limit the events of default under the senior debt securities and permit acceleration of amounts due under the senior debt securities to (i)specified defaults in the payment of principal, premium, sinking fund payments and interest on the senior debt securities that continue for a 30 day grace period and (ii)certain insolvency events involving State Street; |
|
specifically permit transfers of State Streets assets substantially as an entirety to one or more of its subsidiaries without restriction; and |
|
amend the covenant limiting dispositions and issuances of voting stock of State Streets principal banking subsidiary, State Street Bank and Trust Company (the Bank), to permit transfers of such voting stock to one or more U.S. or foreign subsidiaries of State Street, so long as after giving effect to any such disposition or issuance State Street will own, directly or indirectly, in the aggregate, at least 80% of the voting stock of the Bank. |
These changes will only apply to senior debt securities that
State Street issues on or after May8, 2017.
The changes referenced above are set forth in the First
Supplemental Indenture dated May8, 2017, between State Street and
the Trustee, which amends and supplements the Senior Indenture. A
copy of the First Supplemental Indenture is filed as Exhibit 4.1
to this Current Report on Form 8-K and the description above is
qualified in its entirety by reference to the full text of
Exhibit 4.1.
Item9.01. Financial Statements and Exhibits
The following exhibit is filed herewith in connection with State
Streets automatic shelf registration statement on Form S-3 (File
No.333-200321) (as amended, the Registration Statement).
(d) Exhibits.
The following exhibit is incorporated by reference into the
Registration Statement as an exhibit thereto and is filed as part
of this Current Report:
|
ExhibitNo. |
Description |
|
| 4.1 |
First Supplemental Indenture, dated as of May 8, 2017, between State Street Corporation and U.S. Bank National Association, as Trustee |
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 down -0.21 at 83.39 with 1,256,904 shares trading hands.
