8-KExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Exhibit Filing (Jun 13, 2011)

Filed June 13, 2011For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

This 8-K filing from Bank of America Corporation (BAC) on June 13, 2011, primarily serves to update legal documentation related to the company's ongoing issuance of senior and subordinated debt securities. The filing includes an updated legal opinion from McGuire Woods LLP regarding the legality of these "Notes," which are being issued under a previously established Shelf Registration Statement on Form S-3. For investors, this filing indicates that Bank of America is actively utilizing its shelf registration to access capital markets through debt issuance. The inclusion of the updated legal opinion from McGuire Woods LLP is a procedural requirement, ensuring that the legal framework supporting these debt offerings remains current and valid. It signifies continued access to funding and operational normalcy in its debt management, rather than reporting on a new financial event or material operational change.

Key Highlights

  • 1Bank of America Corporation is filing an updated legal opinion concerning its senior and subordinated debt securities.
  • 2The updated opinion is from McGuire Woods LLP and supersedes a previous version.
  • 3These debt securities are being issued under the company's Registration Statement on Form S-3 (No. 333-152418).
  • 4This filing is primarily procedural, updating legal documentation for ongoing debt issuance.
  • 5It confirms the company's continued ability to access capital markets through debt offerings.
  • 6The filing does not report on new financial results or significant operational changes.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide an updated legal opinion from McGuire Woods LLP regarding the legality of Bank of America's senior and subordinated debt securities (the "Notes"). This is a procedural update to ensure legal compliance for ongoing debt issuances.

The "Notes" refer to senior and subordinated debt securities that Bank of America Corporation is issuing from time to time under its existing shelf registration statement on Form S-3.

No, this filing is purely a legal and procedural update. It does not report on the company's financial performance, new business developments, or any significant operational changes. It relates solely to the legal validity of its debt issuances.

An updated legal opinion is required to ensure that the legal framework supporting the issuance of debt securities remains current and valid, especially if there have been any changes in relevant laws, regulations, or the terms of the securities themselves since the previous opinion was issued. It is a standard practice when continuing to offer securities under an existing registration.