Summary
U.S. Bancorp (USB) announced on September 19, 2024, the agreement to issue $10 million in Senior Medium-Term Notes, Series CC Callable Fixed Rate Notes due September 20, 2029. This issuance is part of the Company's existing medium-term note program, which allows for the sale of both Senior (Series CC) and Subordinated (Series DD) Notes. The Notes due 2029 have been registered under the Securities Act of 1933 via a Form S-3 registration statement. The filing also includes an accompanying legal opinion from Willkie, Farr & Gallagher LLP regarding the issuance of these notes and potential future issuances under the program, providing assurance on the legal standing of the debt offering.
Key Highlights
- 1U.S. Bancorp is issuing $10 million in Senior Medium-Term Notes.
- 2The notes are due to mature on September 20, 2029.
- 3This issuance falls under the Company's established medium-term note program.
- 4The program includes provisions for both Senior (Series CC) and Subordinated (Series DD) Notes.
- 5The offering is registered under the Securities Act of 1933.
- 6A legal opinion from Willkie, Farr & Gallagher LLP has been filed as an exhibit.