Summary
This 8-K filing by Bank of America Corporation (BAC) on July 16, 2014, primarily announces the execution of an Amended and Restated Selling Agent Agreement related to its ongoing retail medium-term notes program. This agreement, effective July 16, 2014, governs the issuance and sale of Senior InterNotes® and Subordinated InterNotes® by the company. Furthermore, the filing confirms that a prospectus supplement was filed with the SEC for these Notes. This ensures that notes offered after the agreement date are registered under the Securities Act of 1933 via a previously filed registration statement. The filing also lists several related exhibits, including the Selling Agent Agreement, master notes, and legal/tax opinions from McGuire Woods LLP and Morrison & Foerster LLP, providing transparency on the legal and regulatory framework for these debt issuances.
Key Highlights
- 1Bank of America entered into an Amended and Restated Selling Agent Agreement on July 16, 2014.
- 2The agreement pertains to the issuance and sale of Senior InterNotes® and Subordinated InterNotes®.
- 3This activity is part of a retail medium-term notes program established in 2001.
- 4A prospectus supplement was filed with the SEC on July 16, 2014, concerning these Notes.
- 5Notes offered after the agreement date are registered under the Securities Act of 1933.
- 6Key legal and tax opinions from external counsel are being filed as exhibits.
- 7The filing clarifies the ongoing operational framework for Bank of America's debt issuance activities.