8-KOther EventsExhibits & Filings

US BANCORP \DE\ 8-K Report, Corporate Update (May 24, 2011)

Filed May 24, 2011For Securities:USBUSB-PHUSB-PPUSB-PRUSB-PQUSB-PSUSB-PA

Summary

U.S. Bancorp (USB) filed an 8-K on May 24, 2011, to report the issuance of $1,000,000,000 aggregate principal amount of its 4.125% Medium-Term Notes, Series T (Senior), due May 24, 2021. This debt offering was registered under the Securities Act of 1933, indicating that the company has met the necessary regulatory requirements for public sale of these securities. This issuance represents a significant capital raise for U.S. Bancorp, likely intended to bolster its balance sheet, fund operations, or support strategic initiatives. Investors should note the fixed coupon rate of 4.125%, which provides a predictable income stream, and the ten-year maturity, offering a medium-term investment horizon. The filing also includes the legal opinion from Squire, Sanders & Dempsey (US) LLP regarding the legality of the Notes.

Key Highlights

  • 1U.S. Bancorp issued $1 billion in Medium-Term Notes.
  • 2The notes are Series T (Senior) with a 4.125% interest rate.
  • 3The maturity date for these notes is May 24, 2021.
  • 4The issuance was registered under the Securities Act of 1933.
  • 5The filing includes legal opinions from Squire, Sanders & Dempsey (US) LLP.
  • 6This 8-K filing primarily serves to announce this debt offering.

Frequently Asked Questions

The primary purpose of this 8-K filing was to officially announce and report the issuance of $1,000,000,000 in Medium-Term Notes by U.S. Bancorp.

The notes are 4.125% Medium-Term Notes, Series T (Senior), with an aggregate principal amount of $1,000,000,000 and a maturity date of May 24, 2021.

Yes, the notes were registered under the Securities Act of 1933, as indicated by the filing referencing a Form S-3 registration statement.

The filing includes Exhibit 5.1, which is the opinion and consent of Squire, Sanders & Dempsey (US) LLP, and Exhibit 23.1, the consent of the same firm.