Summary
This Form 8-K filing by Bank of America Corporation (BAC) on January 13, 2017, primarily serves to incorporate by reference various exhibits into its existing shelf registration statement for the offering of Medium-Term Notes, Series M. The filing details agreements and indentures related to the issuance of both senior and subordinated debt securities. For investors, this filing signifies ongoing capital market activities by Bank of America. It indicates the company's continued ability to access debt markets to fund its operations and strategic initiatives through the issuance of medium-term notes. The presence of legal opinions and consent documents from McGuire Woods LLP suggests a formal and compliant process for these debt offerings.
Key Highlights
- 1Bank of America Corporation is filing exhibits related to the offering of Medium-Term Notes, Series M.
- 2The filing incorporates a Distribution Agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated for these offerings.
- 3A Seventh Supplemental Indenture, dated January 13, 2017, supplements the existing indenture for senior debt securities.
- 4The filing includes forms of Global Senior Medium-Term Notes and Global Subordinated Medium-Term Notes, Series M.
- 5Legal opinions and consents from McGuire Woods LLP regarding the legality of the Notes are included.
- 6This filing is part of the company's shelf registration statement on Form S-3.
- 7The event date and filing date are January 12 and January 13, 2017, respectively.