8-KOther EventsExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Corporate Update (May 23, 2007)

Filed May 23, 2007For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

Bank of America Corporation (BAC) filed an 8-K report on May 23, 2007, disclosing the public offering of $2.25 billion in Floating Rate Callable Senior Notes due May 2010. This offering was approved by a committee of the Board of Directors on May 17, 2007, and an underwriting agreement was subsequently entered into with Banc of America Securities LLC, CastleOaks Securities, L.P., and Jackson Securities, LLC. This issuance represents a strategic move to raise capital and manage its debt structure. The notes were registered under a Form S-3 registration statement, allowing for a delayed offering. Investors should note that these are senior unsecured debt securities, and the terms of the offering were further detailed in a prospectus supplement. The filing also includes exhibits such as the underwriting agreement and the form of the notes.

Key Highlights

  • 1Announces public offering of $2.25 billion in Floating Rate Callable Senior Notes due May 2010.
  • 2Offering approved by a Board of Directors committee on May 17, 2007.
  • 3Underwriting agreement entered into with Banc of America Securities LLC, CastleOaks Securities, L.P., and Jackson Securities, LLC.
  • 4Notes are senior unsecured debt securities.
  • 5Issuance registered under a Form S-3 registration statement (No. 333-133852) on a delayed basis.
  • 6Terms supplemented by a Global Prospectus Supplement dated May 17, 2007.
  • 7Key exhibits include the underwriting agreement, form of notes, and legal opinion.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Bank of America Corporation's public offering of $2.25 billion in Floating Rate Callable Senior Notes due May 2010, and to report the execution of the related underwriting agreement.

The notes are Floating Rate Callable Senior Notes with a principal amount of $2.25 billion and a maturity date of May 2010. They are senior unsecured debt securities. Specific details on the floating rate mechanism and call provisions would be found in the prospectus supplement and underwriting agreement.

The underwriters for this offering are Banc of America Securities LLC, CastleOaks Securities, L.P., and Jackson Securities, LLC.

More detailed information can be found in the prospectus dated May 5, 2006, as supplemented by a Global Prospectus Supplement dated May 17, 2007. The Underwriting Agreement (Exhibit 1.1) and the Form of the Floating Rate Callable Senior Notes (Exhibit 4.1) filed with this 8-K also provide crucial details.