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M&T Bank 8-K Report, Corporate Update (Mar 13, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed March 13, 2024
Period End
March 13, 2024
In the record · 2016–202610-K1110-Q338-K161

MTB filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 161 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jan ’16Jan ’16
  2. Leadership change8-K · Jun ’22Jun ’22
  3. Leadership change8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed March 13, 2024. Cited figures are marked; the original filing is the authoritative source.

On March 13, 2024, M&T Bank Corporation closed the public offering of $850,000,000a aggregate principal amount of its 6.082% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due March 13, 2032.

The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). The filing is a brief Item 8.01 (Other Events) disclosure. It reports the closing of the offering and incorporates by reference the legal opinion of Squire Patton Boggs (US) LLP, counsel to M&T, regarding the issuance and sale of the notes.

The opinion is filed as Exhibit 5.1, with the related consent of counsel filed as Exhibit 23.1, which is included within Exhibit 5.1. For investors, the key facts are the principal amount, the 6.082%b fixed-to-floating coupon structure, and the March 13, 2032 maturity.

The filing also includes the Inline XBRL cover page as Exhibit 104. It does not discuss use of proceeds or the company's financial results.

02—Key points

Key Highlights

  1. M&T Bank Corporation closed the public offering of $850,000,000 aggregate principal amount of senior notes on March 13, 2024.
  2. The Senior Notes are 6.082% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A.
  3. The Senior Notes mature on March 13, 2032.
  4. The offering was registered under the Securities Act of 1933 via Form S-3 registration statement (File No. 333-274646).
  5. Squire Patton Boggs (US) LLP, as counsel to M&T, provided a legal opinion on the validity of the notes, filed as Exhibit 5.1.
  6. The legal opinion is incorporated by reference into the Registration Statement.
  7. The filing includes the Inline XBRL cover page as Exhibit 104.

03—Questions

Frequently Asked Questions

  1. How much debt did M&T Bank Corporation issue in this offering?

    M&T closed the public offering of $850,000,000 aggregate principal amount of its Senior Notes on March 13, 2024.

  2. What are the terms of the Senior Notes?

    The Senior Notes are 6.082% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A, due March 13, 2032.

  3. Under what registration were the Senior Notes sold?

    The notes were registered under the Securities Act of 1933 by a Form S-3 registration statement (File No. 333-274646) filed with the SEC.

  4. What legal documentation accompanies the offering?

    Squire Patton Boggs (US) LLP, as counsel to M&T, issued a legal opinion on the issuance and sale of the notes. It is filed as Exhibit 5.1, with counsel's consent as Exhibit 23.1, and is incorporated by reference into the Registration Statement.

04—Continue

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