Summary
This Form 8-K filing by The Bank of New York Mellon Corporation (BK) on February 21, 2012, primarily announces the issuance of new senior medium-term notes. Specifically, the company issued $500 million in 3.55% Senior Medium-Term Notes Series G due 2021, which were fungible with a prior issuance, and $750 million in 1.20% Senior Medium-Term Notes Series G due 2015. This action represents an expansion of the company's debt financing.
Key Highlights
- 1BK issued $500 million in 10-year notes (3.55% Senior Medium-Term Notes Series G due 2021).
- 2BK issued $750 million in 3-year notes (1.20% Senior Medium-Term Notes Series G due 2015).
- 3The 10-year notes issued were fungible with previously issued notes from September 2011.
- 4The total aggregate principal amount of the notes issued in this transaction is $1.25 billion.
- 5The notes were registered under the Securities Act of 1933 via a Form S-3 registration statement.
- 6The filing includes legal opinions regarding the legality of the notes.
Frequently Asked Questions
The main purpose of this 8-K filing is to report on the issuance of new senior medium-term notes by The Bank of New York Mellon Corporation, totaling $1.25 billion.
BK raised a total of $1.25 billion through the issuance of two series of senior medium-term notes: $500 million in 10-year notes and $750 million in 3-year notes.
The notes issued were: 3.55% Senior Medium-Term Notes Series G due 2021 ($500 million) and 1.20% Senior Medium-Term Notes Series G due 2015 ($750 million).
Yes, the notes were registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3 filed with the SEC.