Summary
U.S. Bancorp announced on July 22, 2016, the issuance of $1.35 billion in aggregate principal amount of 2.375% Medium-Term Notes, Series V (Senior), due on July 22, 2026. This debt offering was registered under the Securities Act of 1933, indicating compliance with regulatory requirements for public debt issuance. The primary purpose of this filing is to disclose the details of this significant debt issuance. Investors should note the maturity date and the coupon rate of these notes, which contribute to the company's overall capital structure and cost of borrowing. The legal opinion regarding the notes' legality has also been filed as an exhibit, reinforcing the transparent and compliant nature of this transaction.
Key Highlights
- 1U.S. Bancorp issued $1.35 billion in Medium-Term Notes, Series V (Senior).
- 2The notes carry a fixed interest rate of 2.375%.
- 3The maturity date for these notes is July 22, 2026.
- 4The issuance was registered under the Securities Act of 1933.
- 5This filing serves as an official disclosure of the debt issuance.
- 6The legal opinion on the notes' legality is filed as an exhibit.