Summary
U.S. Bancorp announced on January 24, 2017, the successful issuance of $1.5 billion in aggregate principal amount of its Medium-Term Notes, Series V (Senior). This issuance comprises $1.25 billion of 2.625% fixed-rate notes maturing on January 24, 2022, and $250 million of floating-rate notes also maturing on January 24, 2022. These notes were registered under the Securities Act of 1933, indicating they were offered to the public. The company also filed the legal opinion related to the issuance as an exhibit. This offering demonstrates U.S. Bancorp's continued access to capital markets and its ability to raise substantial funds through debt issuance to support its operations and strategic initiatives.
Key Highlights
- 1U.S. Bancorp issued $1.5 billion in Medium-Term Notes, Series V (Senior) on January 24, 2017.
- 2The issuance includes $1.25 billion in fixed-rate notes with a 2.625% coupon maturing in January 2022.
- 3A portion of $250 million consists of floating-rate notes maturing in January 2022.
- 4The notes were registered under the Securities Act of 1933, signifying a public offering.
- 5The filing includes the legal opinion from Squire Patton Boggs (US) LLP concerning the legality of the notes.
- 6This debt issuance reflects U.S. Bancorp's ongoing ability to access capital markets.