8-KOther EventsExhibits & Filings

STATE STREET CORP 8-K Report, Corporate Update (Feb 11, 2011)

Filed February 11, 2011For Securities:STTSTT-PG

Summary

State Street Corporation (STT) filed an 8-K on February 11, 2011, to report the issuance of $500.1 million in aggregate principal amount of 4.956% Junior Subordinated Debentures due 2018. This debt offering was conducted in the public market and was made pursuant to a Form S-3 registration statement. The issuance of these junior subordinated debentures is a significant capital raising event for State Street. Investors should note the specific terms of the debentures, including the interest rate and maturity date, as well as the accompanying indenture amendment and underwriting agreement, which are detailed in the filing as exhibits. This action likely aimed to bolster the company's capital structure or fund ongoing operations and strategic initiatives.

Key Highlights

  • 1State Street Corporation issued $500.1 million in Junior Subordinated Debentures due 2018.
  • 2The debentures carry a fixed interest rate of 4.956%.
  • 3The offering was conducted as a public offering.
  • 4The issuance was made pursuant to a Form S-3 registration statement.
  • 5A First Amendment to the Third Supplemental Indenture was entered into on February 11, 2011.
  • 6Goldman, Sachs & Co. acted as the underwriter for the offering.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the significant event of State Street Corporation issuing $500.1 million of Junior Subordinated Debentures due 2018.

The debentures have an aggregate principal amount of $500.1 million, a fixed interest rate of 4.956%, and a maturity date in 2018. They are junior subordinated debentures.

Goldman, Sachs & Co. acted as the underwriter for the offering. U.S. Bank National Association served as the trustee for the indenture.

Investors can find more detailed information by reviewing the referenced exhibits in the 8-K filing, specifically Exhibit 4.1 (First Amendment to the Third Supplemental Indenture) and the Underwriting Agreement which was previously filed on February 7, 2011.