Summary
This 8-K filing by Bank of America Corporation (BAC) reports on the company's issuance of $1.5 billion in aggregate principal amount of 6.00% Senior Notes due September 2017. The offering was approved by a Board-appointed committee on August 20, 2007, and an underwriting agreement was subsequently entered into with several underwriters, including Banc of America Securities LLC. These notes were issued under a delayed offering basis pursuant to Rule 415 of the Securities Act of 1933, utilizing a previously filed registration statement (No. 333-133852). This filing is primarily a procedural update, detailing the terms of the debt issuance and providing the necessary legal and contractual documentation as exhibits. Investors should note this issuance as a means for BAC to raise capital, likely for general corporate purposes or to manage its debt structure.
Key Highlights
- 1Bank of America Corporation issued $1.5 billion in 6.00% Senior Notes due September 2017.
- 2The offering was approved by a committee of the Board of Directors on August 20, 2007.
- 3An underwriting agreement was executed with multiple underwriters, including Banc of America Securities LLC.
- 4The notes were issued under a delayed offering program (Rule 415) using an existing Form S-3 registration statement.
- 5This filing serves to formally announce the terms and execution of the debt offering and related agreements.
- 6Key exhibits include the Underwriting Agreement, the form of the Senior Notes, and a legal opinion.