8-KOther EventsExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Corporate Update (Aug 15, 2007)

Filed August 15, 2007For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

This Form 8-K filing by Bank of America Corporation (BAC) on August 15, 2007, reports on the company's public offering of Floating Rate Senior Notes due August 2010. The offering amounts to $2.25 billion in aggregate principal amount. The Board of Directors' appointed committee approved the terms and conditions of the notes and their sale to Banc of America Securities LLC, Jackson Securities, LLC, and Loop Capital Markets, LLC, who acted as underwriters. This issuance is part of a broader shelf registration strategy, utilizing a Registration Statement on Form S-3 filed earlier. The Floating Rate Senior Notes are unsecured debt securities designed to provide BAC with additional capital. Investors should note the date of the event reported (August 10, 2007) and the filing date (August 15, 2007) as indicative of the timeline for this transaction.

Key Highlights

  • 1Bank of America Corporation publicly offered $2.25 billion in Floating Rate Senior Notes.
  • 2The notes are due in August 2010.
  • 3The offering was approved by a committee appointed by the Board of Directors on August 10, 2007.
  • 4Banc of America Securities LLC, Jackson Securities, LLC, and Loop Capital Markets, LLC acted as the underwriters.
  • 5The issuance is part of a delayed offering under a Shelf Registration Statement on Form S-3 (Registration No. 333-133852).
  • 6The notes are unsecured debt securities.
  • 7The filing includes the Underwriting Agreement as an exhibit.

Frequently Asked Questions

This 8-K filing reports on Bank of America Corporation's public offering of $2.25 billion in Floating Rate Senior Notes due August 2010. It details the approval of the offering, the underwriters involved, and the terms of the note issuance.

The key terms include an aggregate principal amount of $2.25 billion, a maturity date of August 2010, and a floating interest rate. The notes are unsecured debt securities issued under Bank of America's shelf registration.

The underwriters for this offering are Banc of America Securities LLC, Jackson Securities, LLC, and Loop Capital Markets, LLC.

This offering is conducted under a Shelf Registration Statement (Form S-3), allowing the company to raise capital efficiently by having pre-approved securities ready for sale. It signifies Bank of America's ongoing need to access debt markets for funding and operational flexibility.