Summary
Bank of America Corporation (BAC) filed an 8-K on March 23, 2005, to report on the public offering of €750,000,000 in aggregate principal amount of its 4% Senior Notes, due 2015. The offering was approved by a committee of the Board of Directors on March 17, 2005, and an underwriting agreement was subsequently entered into with various underwriters on the same date. These notes were issued under Bank of America's existing shelf registration statement (Registration No. 333-112708) on Form S-3, which allows for the delayed offering of various unsecured debt securities. The filing indicates that the terms of the offering and the notes themselves were established and are described in a final Global Prospectus Supplement dated March 17, 2005. Investors should note that this filing primarily concerns the details of this specific debt issuance and does not contain extensive financial performance data.
Key Highlights
- 1Bank of America (BAC) announced a public offering of €750,000,000 (approximately $986 million at the time, based on exchange rates in March 2005) in 4% Senior Notes due 2015.
- 2The offering was approved by a committee of the Board of Directors on March 17, 2005.
- 3An underwriting agreement was finalized on March 17, 2005, with various underwriters.
- 4The notes are senior unsecured debt obligations of the company.
- 5The issuance was conducted on a delayed basis under an existing shelf registration statement (Form S-3, Registration No. 333-112708).
- 6This shelf registration statement has the capacity to register up to $30 billion of various debt securities, preferred stock, and common stock.
- 7The filing includes exhibits such as the underwriting agreement, the form of the senior note, and a legal opinion regarding the notes.