8-KOther EventsExhibits & Filings

US BANCORP \DE\ 8-K Report, Corporate Update (Nov 2, 2010)

Filed November 2, 2010For Securities:USBUSB-PHUSB-PPUSB-PRUSB-PQUSB-PSUSB-PA

Summary

This Form 8-K filing by U.S. Bancorp reports on a significant debt issuance. On November 2, 2010, the company successfully issued $500,000,000 in aggregate principal amount of 1.125% Medium-Term Notes, Series R, with a maturity date of October 30, 2013. These senior notes were registered under the Securities Act of 1933, indicating compliance with regulatory requirements for public offerings. The filing also includes the legal opinion from Squire, Sanders & Dempsey L.L.P. regarding the legality of these notes. This issuance represents a capital-raising activity for U.S. Bancorp, aimed at strengthening its financial position or funding its operations and growth initiatives. Investors should note the specific coupon rate and maturity date for evaluating the company's debt structure and interest expense.

Key Highlights

  • 1U.S. Bancorp issued $500 million in senior notes.
  • 2The notes carry a 1.125% interest rate.
  • 3The maturity date for these notes is October 30, 2013.
  • 4The issuance was conducted under a registration statement filed on Form S-3.
  • 5The filing includes a legal opinion from Squire, Sanders & Dempsey L.L.P.
  • 6This action pertains to Item 8.01 (Other Events) of the Form 8-K.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report U.S. Bancorp's issuance of $500,000,000 in aggregate principal amount of its 1.125% Medium-Term Notes, Series R (Senior) due October 30, 2013.

The notes are senior, have an aggregate principal amount of $500,000,000, bear a fixed interest rate of 1.125%, and mature on October 30, 2013.

Filing under Form S-3 indicates that U.S. Bancorp is an eligible issuer and that the registration statement is effective, allowing the company to readily offer its securities to the public, which was the case for these Medium-Term Notes.

The filing includes Exhibit 5.1, which contains the legal opinion and consent of Squire, Sanders & Dempsey L.L.P. regarding the legality of the issued notes.