Summary
Bank of America Corporation (BAC) filed an 8-K report on February 17, 2004, detailing a significant debt offering. On February 6, 2004, a committee of the Board of Directors approved the public offering of $1.5 billion in Floating Rate Callable Senior Notes due 2007. This offering was made to various underwriters under a Senior Underwriting Agreement, and the terms were further detailed in a Prospectus Supplement. The issuance of these Senior Notes was conducted under Bank of America's existing shelf registration statement on Form S-3 (Registration No. 333-97197), which allows for the delayed offering of up to $20 billion in various unsecured debt securities and equity. This filing indicates the company's proactive approach to managing its capital structure and funding needs through the debt markets.
Key Highlights
- 1Bank of America Corporation announced the public offering of $1.5 billion in Floating Rate Callable Senior Notes due 2007.
- 2The offering was approved by a committee of the Board of Directors on February 6, 2004.
- 3An underwriting agreement was entered into with Senior Underwriters for the sale of these notes.
- 4The terms of the notes and offering are detailed in a Prospectus Supplement dated February 6, 2004.
- 5The issuance falls under an existing shelf registration statement (Form S-3, Reg. No. 333-97197) allowing for delayed offerings of up to $20 billion.
- 6This action reflects ongoing capital markets activity and debt management by Bank of America.