01—Abstract
Summary
Summary of the 8-K filed December 17, 2024. Cited figures are marked; the original filing is the authoritative source.
On December 17, 2024, M&T Bank Corporation (MTB) closed the public offering of two series of senior medium-term notes issued under its Series A program.
The offering consisted of $500,000,000a aggregate principal amount of 4.833% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2029, and $1,000,000,000 aggregate principal amount of 5.385% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2036. Together, the Senior Notes total $1.5 billion in principal. The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646).
The filing attaches a legal opinion from Squire Patton Boggs (US) LLP on the validity of the notes, which is incorporated by reference into the registration statement, along with the related consent and the Inline XBRL cover page. The filing is a routine disclosure of debt issuance. It provides the principal amounts, coupon rates, and maturity dates of the notes but does not discuss the use of proceeds or any other financial results.
02—Key points
Key Highlights
- Closed issuance of $500 million of 4.833% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2029
- Closed issuance of $1.0 billion of 5.385% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2036
- Total senior notes issued in the offering amount to $1.5 billion in aggregate principal
- Notes were registered under Form S-3 (File No. 333-274646) under the Securities Act of 1933
- Squire Patton Boggs (US) LLP provided a legal opinion on the validity of the notes (Exhibit 5.1), with consent included (Exhibit 23.1)
03—Questions
Frequently Asked Questions
What securities did M&T Bank Corporation issue?
M&T issued two series of senior medium-term notes under its Series A program: $500 million of 4.833% notes due January 16, 2029, and $1.0 billion of 5.385% notes due January 16, 2036. Both are fixed rate/floating rate notes.
How were the notes registered?
The notes were registered under the Securities Act of 1933 through a registration statement on Form S-3, File No. 333-274646, filed by M&T with the Securities and Exchange Commission.
Does the filing state how M&T will use the proceeds?
No. The filing covers only the closing of the offering, the note terms, and the legal opinion and consent. It does not describe the intended use of proceeds.
What legal documentation accompanies the offering?
Squire Patton Boggs (US) LLP, as counsel to M&T, provided an opinion on the validity of the Senior Notes (Exhibit 5.1), and its consent is included in Exhibit 5.1 (referenced as Exhibit 23.1). The opinion is incorporated by reference into the registration statement.
04—Continue